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.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
For the tax year from 6 April 2014, the standard lifetime allowance has reduced from £1.5m to £1.25m.
One of the areas highlighted last year by the Regulator was the regulation of workplace DC pension schemes.
Analysis from The Lawyer
As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014.
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world