Following the consultation launched in September, the Pension Protection Fund (PPF) has today published its final levy rules for the 2019/20 levy year.
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.
The Pension Protection Fund (PPF) is seeking to procure a panel of specialist firms to provide administrative and actuarial services for its scheme assessment process.
Please note that the Pension Protection Fund has announced that the Financial Assistance Scheme will close to Notification and Qualification of new schemes from 1 September 2016.
The Purple Book, published by the Pension Protection Fund, gives the most comprehensive picture of the risks faced by defined benefit pension schemes in the UK
In a new consultation on how levies will be calculated for 2020/21, which launches today, the PPF proposed an unchanged approach to the levy rules for 2020/21.
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 Pension Protection Fund has today issued a new version of the section 179 valuation guidance. The new guidance takes account of the regulations which came into force on 24th February 2018 in relation to step-down pensions.
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