Appointment details

Pension Protection Fund - Chair

Summary

• Organisation: Pension Protection Fund, Chair only
• Sponsor department: Department for Work and Pensions
• Location: London
• Sectors: Public Administration
• Skills: Communication
• Number of vacancies: 1
• Time commitment: 2 day(s) per week
• Remuneration: £73,840 per annum
• Length of term: Up to 5 years
• Application deadline: 5pm on 8 December 2025

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Timeline for this appointment

1. Opening date

   27 October 2025

2. Application deadline

   5pm on 8 December 2025

3. Sifting date

   19 December 2025

4. Interviews expected to end on

   30 January 2026

Timeline dates are only an estimate and can change

About the appointment

Introduction

The Department for Work and Pensions (DWP) is recruiting a new Chair for The Pension Protection Fund (PPF) a UK public corporation, established under the Pensions Act 2004, which protects members of eligible defined benefit (DB) pension schemes across the UK. Since April 2005, the PPF has played a vital role in securing financial futures for hundreds of thousands of people.

Introduction from the Minister

A Message from the Minister for Pensions, Torsten Bell MP

Thank you for your interest in the pivotal role of Chair of The Pension Protection Fund (PPF).

As a Public Corporation, the PPF protects millions of people who belong to a defined benefit pension scheme in the UK. It is responsible for safeguarding the retirement security of over 300,000 people. The Government is committed to ensuring that people have security in later life, and it is therefore vital that people have confidence in knowing that if things go wrong, there is support available. The PPF provides that assurance to DB scheme members. This is therefore a challenging but rewarding role in an important area of Government policy.

The importance of your contribution cannot be overstated. We are seeking a Chair with a commitment to first-class public services, to building personal trust across the pensions sector, to establishing strong strategic relationships across Government and industry, and a leader that is seeking to make a long-term contribution.

The PPF today manages assets of more than £30 billion, making it one of the largest funds in the UK. As it marks its 20th anniversary, the PPF has a proven record of strong investment performance, excellent customer service, and being a significant contributor to the UK pensions debate. It is widely respected across the financial services and pensions community as a well-managed public corporation. The PPF is the ultimate backstop for £1 trillion in pension liabilities, stretching into the next century. The role of the Chair will be to consider the role the PPF plays within the developing pensions landscape, setting out a clear strategic vision and aligned priorities.

I am committed to promoting greater diversity in all DWP’s public appointments. If you have the experience and skills we are seeking for the PPF, I strongly encourage you to apply. Should you have any questions about the appointment process, please do not hesitate to contact the DWP Public Appointments Team at: publicappointmentsteam@dwp.gov.uk

This is a challenging but profoundly rewarding opportunity, and I look forward to seeing how your leadership will help shape the future of PPF.

Additional introductions

A Message from DWP Permanent Secretary, Peter Schofield

Dear candidate,

I want the Department for Work and Pensions (DWP) and our arm’s-length bodies to be places where everyone, whatever their background, feels encouraged to achieve their potential. I believe attracting talented individuals from diverse backgrounds, including regional diversity and the full range of socio- economic groups, will allow us to be better able to provide the best possible support to those we serve. 

We value diversity and inclusion and actively encourage and welcome applications from everyone. 

If you are looking for an opportunity to use your talents to make a difference to the lives of millions of your fellow citizens, we look forward to hearing from you.

Appointment description

The Role of the Chair

DWP is seeking a candidate with exceptional communication and leadership skills to fill this challenging role and provide strategic diversity to the Pensions Protection Fund. The successful candidate will be collaborative, persuasive and have the ability to engage effectively with a very broad range of key stakeholders. They will have responsibility for:

• Setting the strategic direction for the organisation in a time of change, ensuring it remains resilient and future-focused while delivering long-term efficiency.

• Providing visible, forward-looking leadership to help the PPF adapt to a dynamic policy and regulatory environment.

• Working closely with the Board and Chief Executive to ensure strategic objectives are clearly defined and appropriately reflected in the organisation’s overall direction.

• Leading the Board in providing constructive challenge and support to the executive team.

• Chairing Board meetings and ensuring full and effective contribution from all members.

• Acting as an Ambassador for PPF, Maintaining and enhancing credibility and reputation.

• Building and maintaining strategic relationships with Ministers, DWP officials, and other key stakeholders across government and industry.

• Navigating a complex political and regulatory landscape with credibility and confidence.

• Conducting annual reviews of individual Board members and supporting the ongoing effectiveness and development of the Board; and

• Fostering a strong, inclusive Board culture aligned with the Executive and external stakeholders, grounded in trust, clarity of purpose, and good governance.

Organisation description

The PPF is governed by an independent Board and is accountable to Parliament through the Secretary of State for the Department for Work and Pensions (DWP). It offers protection to nearly 9 million members in 5,000 occupational DB schemes. When an employer becomes insolvent and the pension scheme cannot meet its obligations, the PPF steps in to pay compensation to members, helping ensure they do not lose their retirement income.

The PPF pays compensation at up to 100% for members who had reached retirement age at the point of insolvency, and 90% for deferred members. Survivors’ benefits and ill-health early retirements are also supported under its scheme. The PPF is funded through four main sources: a levy on eligible schemes, recoveries from insolvent employers, income from investments, and assets transferred from schemes entering the PPF. The PPF is one of the UK’s largest pension funds, with more than £31 billion under management.

The PPF also administers the government’s Financial Assistance Scheme (FAS), which supports members of eligible pension schemes whose sponsors failed between 1997 and 2005. While the FAS is funded primarily by the taxpayer, it ensures that affected members receive 90% of the expected pension, subject to a cap.

The PPF also manages the Fraud Compensation Fund, set up to address pension scheme failures caused by dishonesty in both DB and DC schemes. 

Headquartered in Croydon, with a small office in central London, the PPF employs over 400 people and operates with a strong performance and customer-focused culture. The PPF is committed to delivering a high-quality service while constantly improving outcomes for its members.

Values

The PPF is a value led organisation, with a strong culture of personal accountability. Its ICARE values shape the way it works and underpin everything from recruitment and appraisals to decision-making and service delivery. These values are supported by a behavioural framework that helps its people be their best every day.

The ICARE values are:

Integrity: Doing the right thing

Collaboration: Working as one

Accountability: Owning our actions and their outcomes

Respect: Valuing every voice

Excellence: Being our best

The values are embedded in the organisation’s leadership and rewarded through initiatives such as the ICARE Awards, which recognise outstanding contributions to the PPF’s mission.

Corporate Priorities

The PPF’s new three-year Strategy (2025–2028) is focussed on the following key outcomes:

• Deliver strong investment performance to ensure financial security for those we protect. 

• Maintain excellent service, securing high member and levy payer satisfaction levels. 

• Partner with government and the pensions industry to help give people greater financial security in retirement, both for the members of the schemes we protect and more widely.  

• Inspire our people to achieve these ambitions so that they are engaged and proud of the role we play, and able to contribute to their full potential.  

To achieve these outcomes, the PPF will work towards four goals:

• We act in the interests of those we protect.

• We help shape change in the pensions industry.

• We build on our strong foundations.

• We adapt and evolve.

Each year the areas of focus are operationalised in the annual Business Plan which sets out the critical milestones and planned activities for the year. Areas of focus may change to reflect new government priorities, such as those that may arise from the recently published Pensions Investment Review or phase two of the review (through the Pensions Commission).  

The PPF continues to evolve, focusing on delivering excellent member outcomes, maintaining financial sustainability, supporting UK growth and being a best-in-class public financial services organisation. Further information can be found on the PPF website and in its Annual Report and Accounts.

Board composition

Legislation provides that the PPF is operationally independently of Government and is overseen by a Board of executive and non-executive members, including the Chair.

The Board of the PPF ensures that effective arrangements are in place to provide assurance on risk management, governance and internal control.

The Chair is appointed by the Secretary of State for Work and Pensions following open competition. Public Appointments are regulated by the Commissioner for Public Appointments.

The Board of the PPF meets around eight times a year and currently comprises: the Chair; seven Non-Executive Directors; the Chief Executive and two Executive Directors. The Board, led by the Chair, oversees PPF’s strategic and policy direction, and ensures that the PPF is properly run as a public body having due regard to its statutory objectives and has effective internal controls

Regulation of appointment

This post is regulated by the Commissioner for Public Appointments. For more information, please refer to the Commissioner’s website 

Person specification

Essential criteria

It is important that in your supporting letter you provide evidence relating to the essential criteria below. 

•Leadership: the ability to set strategic vision and drive forward priorities of the PPF, with a strong track record in senior leadership within complex or regulated organisations.

•Knowledge: a clear strategic understanding of the pension sector or wider financial services landscape.

•Experience: a strong track record of delivery at a senior level within a complex organisation, with experience in customer focused service deliver, governance, or operational leadership.

•Relationship building: ability to build strong relationships with stakeholders including Ministers, senior government officials, industry representatives, members, consumers, and other external partners. 

•Communication: strong communication and interpersonal skills with the ability to listen, accept challenge and constructively challenge others in discussions with clarity and respect. 

•Judgement: effective decision-making skills with the ability to critically analyse a wide range of information to make clear and objective evidence-based recommendations to support the delivery of the organisation's objectives.  

•Collaboration: ability to work closely with the executive board and other key stakeholders, providing support, constructive challenge and assurance as appropriate.

Desirable criteria

•Understanding of the pensions landscape; and 

•Understanding of and commitment to promoting high standards of       customer service to members of the public. 

Application and selection process

About this appointment

Some public appointments are made by the Prime Minister, or the Crown on the recommendation of the Prime Minister. Others are made by Secretaries of State or other ministers and are of interest to the Prime Minister.

Public appointments made by or of interest to the Prime Minister

How to apply

In order to apply you will need to create an account or sign in.

Once you are logged into your account, click on 'apply for this role' and follow the on-screen instructions. To apply, all candidates are required to provide:

1. A  Curriculum Vitae (Maximum 2 Pages in MS Word format ) which provides your contact details, details of your education and qualifications, employment history, directorships, membership of professional bodies and details of any relevant publications or awards;
2. A supporting statement Maximum 2 Pages in MS Word format not PDF) setting out how you meet the essential criteria for the appointment - please 
   ensure you refer to the contents of this document; that your full name is clearly noted at the top of your letter along with the email address of your two referees  
3. Information relating to any outside interests or reputational issues;
4. Diversity monitoring information. This allows us to see if there are any unfair barriers to becoming a public appointee and whether there are any changes that we could make to encourage a more diverse field to apply. You can select “prefer not to say” to any question you do not wish to answer. The information you provide will not be used as part of the selection process and will not be seen by the interview panel;
5. Disability Confident – please state if you want to be considered for the disability confident scheme you can find more information about the scheme further down in the Disability Confident section of the vacancy;
6. Reasonable adjustments - requests for reasonable adjustments that you would like to the application process (if applicable);

Due Diligence Checks

Please note that due diligence checks will be carried out on all candidates shortlisted for interview. The result of the checks will be shared with the panel and with Ministers who make the final decision following the results of the interview. The search will include: 

• Google search – publicly available information 

• Social Media search – including Bluesky, ‘X’, Facebook 

• Individual insolvency search 

• Removed trustee register search 

• Financial Services Prohibited Individuals Register 

• Disqualified Director Register 

• Personal Information declarations 

• References 

ID verification 

For candidates that reach interview stage, when attending the interview, you will be asked to provide ID. This can be either a valid passport or photo card driving licence.

We will ask you to check and confirm your personal details to ensure your application is accurate.

The Advisory Assessment Panel reserves the right to only consider applications that contain all of the elements listed above, and that arrive before the published deadline for applications.

The closing date for applications is at 17:00 on 08/12/2025. Late applications will not be accepted.

Overview of the application process

Public appointments are made on merit following a fair and open competition process which is conducted in accordance with the Governance Code for Public Appointments. We will deal with your application as quickly as possible and will keep you informed at key stages. We aim to conclude the appointment process within three months of the deadline for applications – this is in accordance with the Governance Code.

The assessment process

1. Ministers are responsible and accountable to Parliament for the public appointments made within their department. As a result, they must be consulted at every stage of the appointments process.

2. An Advisory Assessment Panel (“Panel”) is appointed by Ministers to assist them in their decision making. The role of the Panel is to decide, objectively, which candidates meet the eligibility criteria for the role.

3. At the shortlisting meeting the Panel will assess applications against the eligibility criteria and decide which candidates have best met the criteria, who should be recommended for interview. Ministers will then be consulted on the Panel’s recommended shortlist. If you have applied under the Disability Confident Scheme and you meet all the essential criteria, then you will also be invited for an interview.

4. Once the shortlist has been agreed by Ministers, you will be advised (by e-mail) whether you have been shortlisted. Those shortlisted will be invited to an interview.

5. The Panel will meet again to interview candidates and determine who is appointable to the role. The Panel may invite you to make a brief presentation at the start of the interview and will go on to question you about your skills and experience, including asking specific questions to assess whether you meet the criteria set out for the post. The Panel will also explore with you any potential conflicts of interest or any other issues arising from your personal and professional history which may impact on an appointment decision.

6. Details of the panel’s assessment of interviewed candidates are provided to Ministers, including whether they have judged a candidate to be appointable to the role. It is then for Ministers to determine merit and decide who should be appointed. In some circumstances, Ministers may choose not to appoint any candidates and re-run the competition.

7. Ministers may choose to meet with candidates before deciding the outcome. Candidates should therefore be prepared for a short time gap between interview and a final appointment decision being made. Candidates who have been interviewed will be kept informed of progress.

8. Once the decision on the appointment has been made, interviewed candidates will be advised of the outcome of their application, including whom they may approach for feedback. Successful candidates will be issued with their Terms & Conditions and a letter of appointment should they agree to take up the position.

Further information about appointments, including tips on applying, can be found on our guidance pages on gov.uk.

Advisory Assessment Panel (AAP)

The Advisory Assessment Panel will consist of: 

Panel Chair: Sam Hainsworth, Deputy Director, Defined benefit Pensions Policy, DWP

Panel Member: Sarah Newton, HSE Chair

Independent Panel Member: Olivia Grant, a former OCPA appointed public appointments Assessor

Advisory Assessment Panels (AAP) are chosen by ministers to assist them in their decision-making. These include a departmental official and an independent member. For competitions recruiting non-executive members of a board (apart from the Chair), the panel will usually include a representative from the public body concerned.

AAP’s perform a number of functions, including agreeing an assessment strategy with ministers, undertaking sifting, carrying out interviews in line with the advertised criteria and deciding objectively who meets the published selection criteria for the role before recommending to ministers which candidates they find appointable. It is then for the minister to decide who to appoint to the role.

Eligibility criteria

In general, you should have the right to work in the UK to be eligible to apply for a public appointment.

There are a small number of specialist roles that are not open to non-British citizens. Any nationality requirements will be specified in the vacancy details.

The Government expects all holders of public office to work to the highest personal and professional standards. 

You cannot be considered for a public appointment if:

• you are disqualified from acting as a company director  (under the Company Directors Disqualification Act 1986);

• have an unspent conviction on your criminal record;

• your estate has been sequestrated in Scotland or you enter into a debt arrangement programme under Part 1 of the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17) as the debtor or have, under Scots law, granted a trust deed for creditors.

When you apply, you should declare if:

• you are, or have been, bankrupt or you have made an arrangement with a creditor at any point, including the dates of this. 

• you are subject to a current police investigation.

You must inform the sponsor department if, during the application process, your circumstances change in respect of any of the above points. 

When you apply you should also declare any relevant interests, highlighting any that you think may call into question your ability to properly discharge the responsibilities of the role you are applying for. You should also declare any other matters which may mean you may not be able to meet the requirements of the Code of Conduct of Board Members (see Outside interests and reputational issues section below)

If you need further advice, please contact alb.publicappointments@dwp.gov.uk

Security clearance

The successful candidate will be required to undertake Baseline Personnel Security Standard checks in line with the Civil Service guidelines. Additional Security Clearance may also be required for certain roles. However, where this applies, candidates will be notified during the appointment process. Further information on National Security Vetting can be found on the Gov.uk website here.

Additional information for candidates

Equality and diversity

We encourage applications from talented individuals from all backgrounds and across the whole of the United Kingdom. Boards of public bodies are most effective when they reflect the diversity of views of the society they serve.

We collect data about applicants’ characteristics and backgrounds, including information about people’s educational and professional backgrounds, so that we can make sure we are attracting a broad range of people to these roles and that our selection processes are fair for everyone. Without this information, it makes it difficult to see if our outreach is working, if the application process is having an unfair impact on certain groups and whether changes are making a positive difference.

When you submit your application, your responses are collected by the Cabinet Office and the government department(s) managing your application. The data is used to produce management information about the diversity of applicants. You can select “prefer not to say” to any question you do not wish to answer. The information you provide will not be seen by the Advisory Assessment Panel who review applications against the advertised criteria and conduct interviews.

Disability confident

We are a member of the Government’s Disability Confident scheme. We use the Disability Confident scheme symbol, along with other like-minded employers, to show our commitment to good practice in employing people with a disability. The scheme helps recruit and retain disabled people. As part of implementing the scheme, we guarantee an interview for anyone with a disability whose application meets the essential criteria for the role, set out in the advert, and who has asked that their application is considered under the scheme. Indicating that you wish your application to be considered under the scheme will in no way prejudice your application. By ‘essential criteria', we mean that you must provide evidence which demonstrates that you meet the level of competence required under each of the essential criteria, as set out in the job-advert. When you apply you will have the opportunity to select if you would like your application considered under this scheme.

Reasonable adjustments

We are committed to making reasonable adjustments to make sure applicants with disabilities, physical or mental health conditions, or other needs are not substantially disadvantaged when applying for public appointments. This can include changing the recruitment process to enable people who wish to apply to do so.

Some examples of common changes are:

• ensuring that application forms are available in different or accessible formats;
• making adaptations to interview locations;
• allowing candidates to present their skills and experience in a different way;
• giving additional detailed information on the selection / interview process in advance to allow candidates time to prepare themselves;
• allowing support workers, for example sign language interpreters;
• making provision for support animals to attend.

When you apply you will have the opportunity to request reasonable adjustments to the application process.

Principles of public life

The Seven Principles of Public Life (also known as the Nolan Principles) apply to anyone who works as a public office-holder.

1. Selflessness

Holders of public office should act solely in terms of the public interest.

2. Integrity

Holders of public office must avoid placing themselves under any obligation to people or organisations that might try inappropriately to influence them in their work. They should not act or take decisions in order to gain financial or other material benefits for themselves, their family, or their friends. They must declare and resolve any interests and relationships.

3. Objectivity

Holders of public office must act and take decisions impartially, fairly and on merit, using the best evidence and without discrimination or bias.

4. Accountability

Holders of public office are accountable to the public for their decisions and actions and must submit themselves to the scrutiny necessary to ensure this.

5. Openness

Holders of public office should act and take decisions in an open and transparent manner. Information should not be withheld from the public unless there are clear and lawful reasons for so doing.

6. Honesty

Holders of public office should be truthful.

7. Leadership

Holders of public office should exhibit these principles in their own behaviour and treat others with respect. They should actively promote and robustly support the principles and challenge poor behaviour wherever it occurs.

Code of conduct for board members

The Government expects all holders of public office to work to the highest personal and professional standards. In support of this, all non-executive board members of UK public bodies must abide by the principles set out in the Code of Conduct for Board Members of Public Bodies. The Code sets out the standards expected from those who serve on the boards of UK public bodies and will form part of your terms and conditions of appointment.

Management of outside interests and consideration of reputational issues

Holders of public office are expected to adhere and uphold the Seven Principles of Public Life and the Code of Conduct for Board Members of Public Bodies. Before you apply you should consider carefully: 

• any outside interests that you may have, such as shares you may hold in a company providing services to government; 
• any possible reputational issues arising from your past actions or public statements that you have made; 
• and/or - any political roles you hold or political campaigns you have supported; 

which may call into question your ability to do the role you are applying for.

You will need to answer relevant questions in relation to these points when making an application. Many conflicts of interest can be satisfactorily resolved and declaring a potential conflict does not prevent you from being interviewed. If you are shortlisted for an interview, the panel will discuss any potential conflicts with you during that interview, including any proposals you may have to mitigate them and record that in their advice to ministers. Alongside your own declaration, we will conduct appropriate checks, as part of which we will consider anything in the public domain related to your conduct or professional capacity. This may include searches of previous public statements and social media, blogs or any other publicly available information. The successful candidate(s) may be required to give up any conflicting interests and their other business and financial interests may be published in line with organisational policies. 

Details of declared political activity will be published when the appointment is announced, as required by the Governance Code (political activity is not a bar to appointment, but must be declared).

Status of appointment

As this is an office holder appointment, you will not become a member of the Civil Service. You will not be subject to the provisions of employment law.

Appointment and tenure of office

Appointments are for the term set out in this advert, with the possibility of re-appointment for a further term, at the discretion of Ministers.  Any re-appointment is subject to satisfactory annual appraisals of performance during the first term in the post. There is no automatic presumption of reappointment; each case should be considered on its own merits, taking into account a number of factors including, but not restricted to, the diversity of the current board and its balance of skills and experience. In most cases, the total time served in post will not exceed more than two terms or ten years in any one post. 

Remuneration, allowances and abatement

Remuneration for this role is treated as employment income and will be subject to tax and National Insurance contributions, both of which will be deducted at source under PAYE before you are paid. 

You can claim reimbursement for reasonable travel and subsistence costs which are properly and necessarily incurred on official business, in line with the travel and subsistence policy and rates for the organisation to which you are applying. However these payments are taxable as earnings and will be subject to tax and national insurance, both of which will be deducted at source under PAYE before you are paid. 

Pension and redundancy

This is an office holder appointment and does not attract any benefits under any Civil Service Pension Scheme. You will not be eligible for redundancy pay as you are not an employee. No other arrangements have been made for compensation upon the end of your term of appointment because an office holder who is appointed for a limited duration would have no expectation of serving beyond that period.

Application feedback

We will notify you of the status of your application. We regret that we are only able to offer detailed feedback to candidates who have been unsuccessful at the interview stage.

How to complain

We aim to process all applications as quickly as possible and to treat all applicants with courtesy.

Please contact the DWP ALB Public Appointments team in the first instance if you would like to make a complaint regarding your application at alb.publicappointments@dwp.gov.uk  They will acknowledge your complaint upon receipt and respond within 15 working days.

How to complain to Office of the Commissioner for Public Appointments (OCPA)

If you are not content with the appointing department’s response you may wish to further complain to the Commissioner at publicappointments@csc.gov.uk.Further information on how the Commissioner handles complaints can be found on the Commissioner for Public Appointments’ website https://publicappointmentscommissioner.independent.gov.uk/regulating-appointments/investigating-complaints/

Data protection

The Cabinet Office will use your data in line with our privacy policy.

Department for Work and Pensions (DWP)

The Department’s data protection privacy notice and relevant policies are available on the Department’s Personal 

Information Charter: Personal information charter - Department for Work and Pensions - GOV.UK (www.gov.uk) 

Contact details

Please Contact the DWP ALB Public Appointments Team at

alb.publicappointments@dwp.gov.uk

Attachments

• Candidate Pack