Schemes that are genuinely unable to pay their levy invoice within 28 days have always been able to apply for a payment plan. A payment plan can spread the cost of the levy over a number of months.
This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
The newly created role of Head of Restructuring marks an addition to the PPF’s in-house team which has played a leading role in many of the UK’s most high profile pension restructuring deals and insolvency events in recent years.
Despite significant market volatility, the PPF's investment return in the year to 31 March 2019 was 5.2 per cent and its assets under management grew from £30 billion to £32 billion.
Today we’ve published our version of the Senior Managers and Certification Regime outlining the responsibilities of our senior people and how our organisation is arranged and governed.
The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have increased over the month to £69.9 billion at the end of May 2019, from a deficit of £6.4 billion at the end of April 2019.
Today we’re emailing 2,000 of our members to invite them to give us feedback on our customer service. The survey is part of maintaining our Service Mark accreditation and is open until 11th June.
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