ICPM is thrilled to welcome Pension Protection Fund to the network, a non-profit pension fund in the UK that provides security to nine million members of UK DB schemes, underwriting liabilities of almost £1trn. It currently has approx. $39bn in assets under management.

“PPF brings a unique perspective to the global ICPM pension fund community because it is a long-term and diversified investor that serves as the backstop to the UK DB industry,” says Sebastien Betermier, ICPM Executive Director. “We’re excited to welcome them to the network and learn from them.”

“I am excited for Pension Protection Fund to join this global community of the most sophisticated pension organizations,” says Michelle Ostermann, CEO of PPF. “PPF has a lot to contribute to the discussions, and we’ll undoubtedly learn a lot from our peers. We look forward to collaborating on insights, research and ideas.”

ICPM is now a network of 52 pension funds with 7 in the UK.