National Apprenticeship Week runs from Monday, 4th to Friday 8th March 2019. This annual week-long celebration of apprenticeships will bring the whole apprenticeship community together to celebrate the impact of apprenticeships on individuals, employers and the economy.
Since our last update in December new court proceedings have started against us, seeking to challenge, among other things, our intended approach for calculating any increases due to our members as a result of the ruling.
Over the coming weeks you might notice email correspondence from us now ends in "@ppf.co.uk”. Don’t be alarmed, we have changed our email address and are now using "@ppf.co.uk”.
The aggregate deficit of the 5,450 schemes in the PPF 7800 Index is estimated to have decreased over the month to £23.1 billion at the end of January 2019, from a deficit of £31.9 billion at the end of December 2018.
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.
Last year the government introduced legislation that requires companies employing more than 250 people to publish information about their gender pay and bonus gaps annually.
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.
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