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Next steps after court ruling on Hampshire methodology

The Administrative Court’s judgment in June 2020 upheld our general approach to calculating increases in compensation as a result of the Hampshire ruling. But it also said we need to make sure members and survivors each receive at least 50% on a cumulative basis of the actual value of the benefits their scheme would have provided. 

Target member tracing

You may have received a letter from a company called Target Professional Services asking you to confirm your address. 

PPF supports struggling levy payers with payment extension

The Pension Protection Fund (PPF) has announced that it will give levy payers struggling as a result of the coronavirus pandemic up to 90 days interest free to pay their 2020/21 levy bill. 

Pension bodies unite to reassure UK pension savers

The PPF has joined forces with the Department for Work and Pensions (DWP), Financial Services Compensation Scheme (FSCS), Money and Pensions Service (MaPS), the Pensions Regulator (TPR), the Financial Conduct Authority (FCA) and the Pensions Ombudsman to create the guide for pension savers.

Pension Protection Fund appoints 11 firms to new Trustee and Support Services panel

By introducing the Trustee and Support Services panel, the PPF hopes to improve the pre and post insolvency experience for both members and trustees.

PPF 7800 Index shows decline in aggregate deficit figure for April

A scheme’s 179 liabilities represent, broadly speaking, the premium that would have to be paid to an insurance company to take on the payment of PPF levels of compensation. This compensation may be lower than full scheme benefits.

PPF launches five-year Diversity & Inclusion strategy

The D&I strategy sets out the PPF’s ambitions, challenges and future plans as well as how progress is to be measured over the next five years, reflecting also on the achievements made so far.

PPF announces appointment of Sara Protheroe to the Board

The Pension Protection Fund (PPF) has today announced the appointment of Sara Protheroe, Chief Customer Officer, to its Board with immediate effect.

Next group of members receiving increased payments

We’ve started to make increased payments to pensioners whose benefits fell below 50% of the value of their accrued benefits because of a combination of the compensation cap and other factors. We’re aiming to increase payments to the majority of pensioners in this group by the end of September 2020.

PPF will ‘go-live’ with Dun & Bradstreet insolvency risk scores in April

Respondents to the PPF’s recent levy consultation welcomed the introduction of the new services developed with Dun & Bradstreet with some small scale improvements