The assessment period starts with a qualifying insolvency event. You must file notice of the insolvency – an S120 notice – within 14 days of your appointment or of becoming aware of the existence of the pension scheme. Without that, it’s not possible to make a start on the work that needs to be completed during the assessment period. By law, we exercise the trustees’ rights against the employer during the assessment period. So we need to know about the insolvency as soon as possible.
Deficit reduction contributions are extra payments you can make to reduce the shortfall of funding in a pension scheme. These could form part of a recovery plan, or be additional to that.
What to do if you want to make a complaint or request a review of a decision we’ve made.
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