Introduction of a new insolvency risk measure for employers by the PPF may affect the levy payable by pension schemes

The introduction of a new insolvency risk measure for employers by the Pension Protection Fund (PPF) may affect the levy payable by pension schemes.

As mentioned above, pension schemes that potentially qualify for protection from the PPF are required to pay a PPF levy, the calculation of which is partly based on the insolvency risk of the sponsoring employer of the pension scheme. In the November 2013 edition of Pensions Pieces we mentioned that the PPF was moving away from using Dunn & Bradstreet scores as a measure of this insolvency risk and instead would be using data provided by Experian…

Click on the link below to read the rest of the Taylor Wessing briefing. 

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