Following the judgment of the Court of Justice of the European Union (CJEU) last month, we have started to write to capped members who we believe are affected by the ruling. This is to confirm our records, because we do not have all the data we need to calculate the increase due. We will be writing in tranches over the coming weeks, so members who believe they are affected, but do not receive a letter immediately, do not need to contact us.
The Court of Justice of the European Union (CJEU) has today ruled that individual members should receive at least 50 per cent of the value of their accrued old age pension in the event of employer insolvency.
The Pension Protection Fund (PPF) has published a consultation document proposing changes to the actuarial assumptions used in s179 and s143 valuations.
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.
PPF Chief Investment Officer, Barry Kenneth commented: “It’s great to welcome Claire into her new role as Head of ESG. Claire’s experience of working and communicating with institutional investors across a wide range of asset classes as well as a deep technical understanding of ESG issues will help grow and evolve our investment function. Attracting professionals of Claire’s calibre to join our team is an endorsement of where we are going.”
We are pleased to announce that we have appointed Claire Curtin as our new Head of environmental, social and corporate governance (ESG).
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