We’re delighted to confirm that Stephen Wilcox has joined the PPF as its new Chief Risk Officer. Stephen will be responsible for all the PPF’s risk functions.
If you need further help and support, please feel free to give us a call or email. We welcome direct and early engagement and always treat all conversations in strict confidence, even speaking on a ‘no names’ basis initially if you prefer. General guidance on insolvency and the assessment period These notes will help you meet your statutory obligations and our expectations conducting insolvencies during the assessment period.
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.
The Modern Slavery Act came into effect in March 2015. As one way of tackling the problem of modern slavery, the act requires that all commercial organisations, with a turnover of more than 36 million, provide an annual slavery and human trafficking statement. Modern Slavery Statement 2022 Our statement, as required by law, sets out the steps we're taking to make sure that this doesn't happen.
Every year we publish the Purple Book, also known as the pensions universe risk profile. This is the most comprehensive data and analysis of the UK defined benefit pension landscape.
The Pension Protection Fund has today published its full response to its latest section 143 (s143) valuation assumptions consultation, which outlined proposals to allow marginally overfunded smaller schemes to use a bespoke discount rate for certain valuations during the assessment period.
The Pension Protection Fund (PPF) has today launched a consultation on proposed changes to the assumptions it uses for certain valuations which provide an estimated price for bulk annuity providers in the buyout market.
In support of the consultation on the proposed changes to the levy rules for three year period starting 2018/19, PPF and Experian representatives participated in a number of live webinar broadcasts.
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