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.
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.
Under new legislation, restructuring professionals and insolvency practitioners must notify us and share documents relating to a moratorium or a restructuring plan if an eligible pension scheme is involved.
If your business or scheme is struggling as a result of the COVID-19 pandemic, we understand this might make it difficult for you to pay your invoice within 28 days this autumn.
We’ve decided to offer our levy payers the option to go paperless by choosing to receive their invoice electronically, starting with the 2020/21 invoices issuing this autumn.
Pride is held in June each year to commemorate the riots held by members of the LGBTQ community against a police raid at the Stonewall Inn in New York City on June 28, 1969.
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.
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