PPF levy — are you ready for the significant changes ahead?
By Crispin Freeman
The Pension Protection Fund (PPF) has issued a consultation paper on its plans for the PPF levy over the three years from 2015–16 onwards. The proposed changes could result in a significant increase (or decrease) in a scheme’s PPF levy.
Dun & Bradstreet was recently replaced by Experian as the PPF’s insolvency risk services provider. The PPF is now proposing to move to a new PPF-specific model developed by Experian.
The new model will be based on the experience of sponsors of defined-benefit pension schemes rather than the average UK business. It will also be very largely based on financial information rather than non-financial factors such as the number of directors on the company’s board. The PPF believes that the new model will be more accurate, stable, transparent and resistant to manipulation…
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Briefings from Wragge Lawrence Graham & Co
Wragge Lawrence Graham & Co’s dedicated insolvency litigation team brings you its monthly update on the cases and issues affecting the insolvency and fraud investigation industry.
Wragges’ pensions experts focus on the impact for defined benefit (DB) occupational schemes – in particular, the issues trustees will need to consider around transfers from DB to DC schemes.