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‘Beaton’ to it—DWP consults on PPF cap treatment of transferred-in fixed pension

‘Beaton’ to it—DWP consults on PPF cap treatment of transferred-in fixed pension
Published on: 03 July 2018
Published by: LexisPSL
  • ‘Beaton’ to it—DWP consults on PPF cap treatment of transferred-in fixed pension
  • Original news
  • What is the background to this consultation?
  • Why is the government launching this consultation rather than relying on an appeal?
  • What are the changes proposed?
  • What are the next steps?
  • What are the implications of this consultation?

Article summary

Pensions analysis: On 3 July 2018, the DWP issued a consultation paper proposing changes to the Pension Protection Fund (PPF) compensation rules to remedy the immediate problems caused by the High Court judgment of Beaton v PPF [2017] EWHC 2623 (Ch) (which held that the PPF compensation cap should be applied separately to Mr Beaton’s transferred-in pension and his main scheme pension) and ensure that the PPF have the legal basis to administer the compensation regime as intended. or take a trial to read the full analysis.

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