It’s not always the case that when a pension scheme’s sponsoring employer fails, and the scheme enters PPF assessment, it ends up transferring into the PPF. If the scheme has enough assets to buy higher benefits for its members than we would pay, it’ll buy out benefits outside of the PPF.
Our consultation setting out our plans for the 2022/23 levy rules closed on 9 November. We’ve published our policy statement with the formal levy rules, and updated the levy estimate.
In September this year, we issued an update on our work to implement the Court of Appeal’s ruling that the compensation cap was unlawful, and to pay arrears to pensioners due increases as a result of the Hampshire ruling.
In May 2021, we announced that we had retained our ServiceMark customer service accreditation. To maintain our high levels of service, we're sending out a survey to members and staff today to find out more about their experiences.
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