This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
The Pension Protection Fund (PPF) has today (Thursday) launched a consultation outlining how it intends to develop the Pension Protection Levy for the next three year period, or triennium, starting in 2018/19. The consultation involves a detailed set of proposals together with supporting roadshows and webinars.
The Pension Protection Fund today confirmed the levy rules for 2017/18. The final levy rules are not substantively changed from those published in December, except to include the levy rule for schemes which cease to have a substantive sponsor following a restructuring.
The PPF, which runs the Fraud Compensation Fund (FCF), has been notified of a number of possible claims which may come to the FCF in the next few years.
Respondents to the PPF’s recent levy consultation welcomed the introduction of the new services developed with Dun & Bradstreet with some small scale improvements
The Pension Protection Fund (PPF) is rolling out Dementia Friends awareness sessions to all of its staff from Monday 17 May, to coincide with the start of Dementia Action Week from 17 – 23 May.
The PPF confirms levy rules for 2022/23 as set out in September’s consultation including continuation of measures to support schemes and employers through the pandemic
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