This applies to amounts due to a pension scheme in respect of:
- dividends from insolvent estates
- guarantee payments in respect of pension scheme employer liabilities, and
- loans notes in respect of restructuring deals
If the pension scheme is still in assessment when a payment is due or has completed assessment and exited the PPF, please make sure the payment is sent to the trustees of the appropriate pension scheme.
If the assessment period has been completed and the scheme has transferred to us, please pay any amounts due into the following account:
|Account name:||PPF Insolvency Receipts|
|Bank:||HSBC Bank Plc|
|Reference:||Please include the pension scheme name|
Check our schemes list to see whether a has transferred to us or is still in assessment.
Please note: this account is exclusively for the receipt of insolvency and restructuring recoveries. It shouldn't be used to make levy payments.