The Pension Protection Fund

The Pension Protection Fund guidance:

What is a contingent asset? A contingent asset is an asset that will generate cash for the pension scheme if certain specified (ie contingent) events occur (eg a...

Practice Note

THIS PRACTICE NOTE APPLIES TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMES The Pension Protection Fund (PPF) pays members' benefits up to a certain level in...

Practice Note

What is an assessment period? When a qualifying insolvency event occurs in relation to a sponsoring employer of an eligible scheme, the scheme will enter a Pension...

Practice Note

FORTHCOMING DEVELOPMENTS: With effect from 2 October 2018, the PPF (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and...

Practice Note

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMES Determining normal pension age under the scheme’s admissible rules Members’...

Practice Note

Requirements for PPF entry The requirements for a scheme to enter the PPF are: • the scheme must be an eligible scheme—see: What schemes are eligible? below • either: ◦ a...

Practice Note

In order to determine whether a multi-employer scheme qualifies for PPF entry and how the scheme is treated for PPF purposes, and to calculate the PPF risk-based levy, it...

Practice Note

FORTHCOMING DEVELOPMENT: On 19 December 2019, the Pension Protection Fund (PPF) launched a consultation on a new Dun & Bradstreet (D&B) methodology for the calculation of...

Practice Note

FORTHCOMING DEVELOPMENT: On 19 December 2019, the Pension Protection Fund (PPF) launched a consultation on a new Dun & Bradstreet (D&B) methodology for the calculation of...

Practice Note

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMES Purpose of admissible rules During an assessment period, the trustees must...

Practice Note

THIS PRACTICE NOTE APPLIES ONLY TO DEFINED BENEFIT AND HYBRID OCCUPATIONAL PENSION SCHEMES In most cases, the process of entry into the PPF will begin when the sponsoring...

Practice Note

When making decisions, trustees are required, among other things, to: • act in the best interest of scheme beneficiaries • act for a proper purpose • have a level of...

Practice Note