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…
Click on the link below to read the rest of the Wragge Lawrence Graham & Co briefing.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
Dispute resolution in the UAE: what are the options? Part three — enforcing an arbitration award in the UAE
Different regimes apply in the UAE for enforcing international awards and local awards (i.e. awards made within the UAE).
Employers with recognised trade unions are seeing more pressure coming their way in relation, on the one hand, to job security and on the other to improved terms and conditions.