At the Pension Protection Fund (PPF), we provide security in retirement for our members and millions of people throughout the UK who belong to defined benefit (DB) pension schemes. Through the PPF and Financial Assistance Scheme (FAS), we compensate members for their pensions after the employer funding their pension becomes insolvent. In total, we look after over 400,000 members across the PPF and FAS. With over £30 billion in assets under management, our investments support long-term economic growth across the UK.
Our award-winning team of around 450 professionals has earned the IPE UK Pension Fund of the Year title three times in seven years. We work closely with government and industry partners to improve outcomes for scheme members, employers, and the broader pension system—playing a vital role in strengthening retirement security nationwide.
We’re looking for a Portfolio Manager to work in our Investment Team and act as lead in the management of the multi-billion LDI portfolio.
The job-holder is responsible for trade execution, trade idea generation, portfolio construction, and information gathering to monitor performance. There will be significant involvement in building and maintaining relationships with external parties, i.e. bank counterparties, and proactive engagement with relevant internal teams, such as Risk and Investment Operations.
We’re looking for applicants with portfolio management and / or trade execution experience from a UK LDI or fixed income setting. We expect that you have adept stakeholder management skills underpinned by excellent written and verbal communication skills allowing you to present ideas as well as numerical and technical information to diverse stakeholders. Additionally, we anticipate that you have a relevant professional or academic qualification to reinforce your level of experience.
Sound like you? Apply now.
Due to the summer holiday period, we aim to contact shortlisted candidates during the first week of September.
In return for your skills, experience and commitment we’ll give you a challenging role within a business where you’ll get the support you need to develop your career.
We embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you’ll be welcome here.
No agencies please.
Who we are
We’re a statutory public corporation led by our board and accountable to Parliament through the Secretary of State for the Department for Work and Pensions. It's our duty to protect people with an eligible defined benefit pension when an employer becomes insolvent.
We’re proud of the work we do. Without us, many people would face significant financial hardship. We’re also proud of our people, all of whom are committed to our mission and to serving over 230,000 members.
You have already applied for this vacancy, please go to your account to see your progress.
Privacy Policy
Pension Protection Fund (PPF) Privacy Notice
This privacy notice sets out how we handle personal data during our recruitment process in compliance with applicable data protection legislation.
We recognise the importance of the correct and lawful processing of personal data in maintaining confidence in our operations. We fully endorse and adhere to the principles set out in the data protection legislation.
As defined by the General Data Protection Regulation (GDPR) Pension Protection Fund (PPF) is the Data Controller and ultimately responsible for ensuring the data you provide is kept secure, processed correctly and that you understand your legal rights in relation to the data you provide.
The recruitment software we use via this website is supplied by IRIS Software Group Limited and they are defined as a Data Processor under the GDPR. They will only process your data in accordance with our instructions.
IRIS can be contacted at: 4th Floor Heathrow Approach, 470 London Road, Slough, England, SL3 8QY
For Data Protection enquiries, please contact the Help Desk at support@networxrecruitment.com
What information do we collect from you?
We collect personal data and other relevant information during the recruitment process that is specifically provided by you as part of an application process. We will collect the following (but not limited to):
Name, address, email, telephone number
CV (if applicable)
Equal opportunities monitoring information (defined as special categories data) - this information is purely for statistical analysis and monitoring purposes
Social mobility information which will be treated as if it were special category data – this information is purely for statistical analysis and monitoring purposes
Answers to application questions
Any other information you wish to provide in support of your application
Why we use your information
We will use the details you provide to assess your suitability for employment with us and to carry out statistical analysis for equal opportunities monitoring. We must have a lawful basis for processing your personal data. The relevant lawful bases in this case are:
it is necessary for us to process this personal data so that we can consider whether to enter into a contract with you; and
we are legally required to monitor equality of opportunity in our recruitment processes. As this often involves the processing of special category personal data, this is additionally justified as it is necessary for reasons of substantial public interest, as specified at paragraph 8 of the Data Protection Act 2018 (equality of opportunity or treatment).
If you are unsuccessful and want to be informed about future opportunities, your details will be retained with your consent.
Sharing your personal data
Your data will be processed by the PPF and if necessary, by our service providers. Specific providers who will have access to your personal data solely for the purpose of supporting this recruitment process are:
Net-Worx (2001) Ltd (trading as networx) - who provide the recruitment platform
CV Insights Ltd – who will conduct pre-employment checks if you are selected as our preferred candidate.
Relevant persons within these service providers may be given access to your personal data to allow them to perform their services for us.
We will also share your personal data with third parties where this is necessary for your role, for instance regulators, professional or accreditation bodies. Personal data will also be shared if we are legally required to do so or satisfied that it is necessary for law enforcement purposes.
Details you provide in this application:
Will be held on our computer systems and may be downloaded by us
Will be used to deal with your application
Will be made available to us and our processors (where relevant)
Will be used for communication with you regarding the vacancy
Will be used to satisfy legal requirements
Will be used for statistical analysis
Will be held and used to contact you about other vacancies if you indicate that you would like us to do so.
We will store your application data for 13 months after the vacancy has closed. After this period, it will be fully anonymised.
How can I access the information you hold about me?Your rights
We provide access to visitors who wish to review the personal information retained when they apply via our website site and correct any inaccuracies it may contain. If you choose to register, you may access your profile, correct and update your details, or withdraw your details at any time. To do this, you can access your personal profile by using the secure login. In all cases we will treat requests to access information or change information in accordance with applicable legal requirements.
You have the following rights in relation to the way in which we deal with your personal data:
the right of erasure or to be forgotten
the right to rectification if information is inaccurate or out of date
the right of data portability (to obtain and reuse your personal data)
the right to object to networx and the controller and processors handling of your personal data
the right to withdraw your consent with regards to the handling of your personal data
you have the right to ask for a copy of the information we hold about you (Subject Access Request - S.A.R)
You have the right to lodge a complaint with a supervisory authority - the ICO
You also have the right to make a complaint to us where you believe we have not acted in accordance with your rights under the UK GDPR. To make a complaint please email us at Recruitment@ppf.co.uk. We will acknowledge all complaints within 30 days and will provide a response as soon as possible thereafter
Within your candidate account, you can also use the Download Data feature to generate an XML file of the current data we hold on you that you have provided and/or have access to within the account.
Where you exercise your right to object or withdraw your consent, we may process your personal data without your knowledge or consent where we are permitted or required by law or regulatory requirements to do so. In such a case, we will not process more personal data than is required under the circumstances.
Making a complaint
If you wish to raise a complaint about how we’ve handled your personal data, you can ask to have the matter investigated by writing to the email address below.
If you’re not satisfied with our response or believe we’re not processing your personal data in accordance with the law, you can complain to the Information Commissioner’s Office https://ico.org.uk/
Contact Details
Should you have any queries regarding your personnel data, please contact us at: Recruitment@ppf.co.uk
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