The Department for Work and Pensions has made a major announcement affecting 430,000 people, effective from July 1. The DWP has confirmed the appointment of Joanne Segars OBE as the new Chair of the Pension Protection Fund (PPF).
New Leadership at the PPF
The DWP announced that Joanne Segars OBE will take up the role of Chair of the Pension Protection Fund from 1 July 2026. The PPF plays a crucial role in protecting members of defined benefit pension schemes should their employer face insolvency, supporting the retirements of nearly 430,000 members.
Labour Party Minister for Pensions Torsten Bell said: "Joanne Segars brings a wealth of experience and expertise to this role at a pivotal moment for the PPF as we undertake the biggest pension reform in a generation. I look forward to working with her to ensure the PPF continues to deliver for the millions of people who depend on it, and to protect the retirement savings of workers across the UK. I would also like to thank Kate Jones for her public service; she has given the PPF outstanding leadership in recent years and I wish her well for the future."
Joanne Segars' Vision
Joanne Segars OBE said: "I am delighted to be appointed as Chair of the PPF. The organisation plays a vital role in protecting members of defined benefit pension schemes, and I look forward to working with the Board, CEO, executive team and PPF colleagues to support the organisation as it continues to develop and evolve in the long-term interests of those it serves. With the PPF’s strong foundations and clear sense of purpose, I am committed to ensuring we continue to deliver for members, strengthen long-term resilience, and help shape the future of the pensions landscape."
As Chair, Joanne Segars will provide strategic leadership to the PPF Board, working in close partnership with the Chief Executive to ensure the organisation is well-governed and that its objectives are delivered effectively. The PPF is run by an independent Board and is accountable to Parliament through the Secretary of State for the Department for Work and Pensions.
