At 31 March 2018 the PPF’s median gender pay gap stood at 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017). The mean pay gap is 23.67 per cent (24.97 per cent in 2017); the organisation’s median bonus gap is 30.55 per cent (24.11 per cent in 2017) and the mean bonus gap is 59.12 per cent (64.26 per cent in 2017). This is the PPF’s second year of reporting.
On 7 December 2018 the Department for Work and Pensions (DWP) published a consultation on the consolidation of defined benefit pension schemes inviting views on a new legislative framework for ‘superfund’ schemes.
Our previous article about implementing the European Court of Justice ruling gave you an overview of our interim approach to calculating any increases due and provided some illustrative examples of what it might mean in practice for members.
We’re launching a forum with the aim of improving communication between us and defined benefit (DB) schemes of small and medium-sized enterprises. We’re keen to hear from anyone representing an SME scheme who would like to be part of the conversation.
Following the consultation launched in September, the Pension Protection Fund (PPF) has today published its final levy rules for the 2019/20 levy year.
In the thirteenth edition of the Purple Book, the Pension Protection Fund (PPF) points to significant risk in the defined benefit (DB) pension universe.
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