Categories:Pensions,UK

PPF update: the Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013

The Pension Protection Fund, Occupational and Personal Pension Schemes (Miscellaneous Amendments) Regulations 2013 make a number of changes to the detail and administration of the compensation that the Pension Protection Fund (PPF) provides, where an employer in relation to an eligible under-funded defined-benefit scheme enters insolvency proceedings.

The changes are made to bring aspects of the compensation into line with regulation and practice concerning pensions provided under ongoing schemes and, in other respects, to refine the operation of certain PPF processes…

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