The redox-active metallaphosphine [Fe(dppe)(eta(5)-C5Me5)(C=CPPh2)] reacts with [Pd(1,5-cod) Cl-2] to give mono-and bis-phosphine coordinated palladium centres as a function of stoichiometry, and these complexes provide a stable redox-active platform which allows reversible one-electron {Fe(II)-> Fe(III)(+)} oxidations within the palladium coordination sphere.