PPF publishes refreshed guidance for restructuring & insolvency professionals

PPF publishes refreshed guidance for restructuring & insolvency professionals

The Pension Protection Fund (PPF) has updated its restructuring principles guidance and its general guidance for restructuring & insolvency professionals. The guidance documents set out the criteria that should be incorporated in any proposals made in respect of a sponsoring employer suffering an insolvency event and provide information on the roles and responsibilities of insolvency practitioners throughout the PPF assessment process.

In order to ensure employers do not ‘dump’ schemes in the PPF, the organisation works closely with The Pensions Regulator to ensure any scheme that enters the PPF is the subject of an actual or inevitable employer insolvency.

The PPF has updated the following guidance documents:

The PPF Approach to Employer Restructuring

This gives an overview of how and why the PPF enters restructuring and rescue deals and summarises the principles the PPF uses to make its decisions.

General Guidance for Restructuring & Insolvency Professionals

This gives general guidance on the action to be taken following an insolvency event. It also expl

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About the author:

Stephen qualified as a solicitor in 2005 and joined the Restructuring and Insolvency team at Lexis®PSL in September 2014 from Shoosmiths LLP, where he was a senior associate in the restructuring and insolvency team.

Primarily focused on contentious and advisory corporate and personal insolvency work, Stephen’s experience includes acting for office-holders on a wide range of issues, including appointments, investigations and the recovery and realisation of assets (including antecedent transaction claims), and for creditors in respect of the impact on them of the insolvency of debtors and counterparties.