All Pension Protection Fund (PPF) articles
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NewsDB schemes ride out Q2 volatility to retain strong funding position
Ongoing tariff negotiations and the Autumn Budget are among the risks trustees must navigate over the coming months, as well as ongoing discussions around surplus release.
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NewsCall for levy reform as pension schemes hit with ‘surprise’ £15m PPF bill [updated]
Pensions UK is calling for urgent government action after DB pension schemes were unexpectedly billed for an administration levy connected to the PPF, with the largest schemes facing bills of hundreds of thousands of pounds.
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NewsMcGregor Construction scheme secures £7m buy-in with Just Group
The buy-in secured members’ benefits at or above those provided by the Pension Protection Fund, after the sponsor went into insolvency in 2022.
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NewsConsolidator in waiting? Government taking its time to assess extension of PPF remit
The government will not legislate for a new consolidator for DB pension schemes in the upcoming Pension Schemes Bill, but is still exploring the potential for the Pension Protection Fund to take on the role in future.
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NewsTrustees to be given full discretion over DB scheme surplus release
Defined benefit pension schemes will be able to release surplus if they are overfunded on a low dependency basis, under proposals outlined by the government this week.
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NewsWhat the government’s WPC response means for PPF compensation
The Pension Protection Fund has been urged to use its substantial surplus to provide indexation to pre-1997 benefits.
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OpinionFinancial distress: When a trustee’s role steps up a gear
What happens when a pension scheme’s sponsoring employer becomes financially distressed? There are many options and elements to consider – and it’s not all about the Pension Protection Fund, says Vidett’s Kevin Dolan.
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NewsThink tank calls for full PPF underpin to boost surplus release case
The Social Market Foundation has set out recommendations for the government to make releasing surplus assets from DB pension schemes more attractive and secure.
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OpinionMore work needed on PPF levy: Railpen
The planned reduction in the PPF levy is a welcome reform, but there’s still work to do, argues Railpen’s pensions policy manager Tim Miller.
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NewsIndustry calls for change to levy rules as PPF seeks to raise £100m
The government should rewrite rules around the Pension Protection Fund’s (PPF) levy to reduce unnecessary costs for defined benefit (DB) schemes, according to industry commentators.
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OpinionWill the PPF become a new endgame option?
Arc Pensions Law’s Sonya Fraser delves into the detail of the government’s plan for the PPF to become a consolidator of small pension schemes.
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OpinionPPF as consolidator poses unanswered questions
Acting as a consolidator would be a new direction for the PPF. What challenges need to be resolved for it to work?
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NewsPPF has made considerable progress towards net zero, shows climate change report
The Pension Protection Fund (PPF) has today published its third annual Climate Change report, that discloses the climate-related risks and opportunities within its investment strategies.
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News
Pension Protection Fund steps into social housing
On the go: The £36bn Pension Protection Fund has provided £65m of an £85m funding deal to refinance Monmouthshire Housing Association’s entire loan portfolio.
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News
Mowlem scheme completes buyout and exits PPF
On the go: The Mowlem (1993) Pension Scheme has entered into a £150m buyout transaction with Legal & General Assurance Society, securing benefits outside of the Pension Protection Fund.
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OpinionBetter communication can ease rush to transfer out of DB
Transfers from defined benefit pension schemes have proved attractive in recent years, but there are serious questions over their suitability for many. Trustees cannot afford to shy away from helping their members, and the Pension Protection Fund wants to help, says Sara Protheroe.
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OpinionReducing your 2019-20 PPF levy
There are three main things trustees need to consider when it comes to re-execution of contingent assets, explains Giles Bywater, a pensions partner at law firm Mayer Brown.
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OpinionSurplus poses opportunities and challenges for PPF
The Pension Protection Fund’s surplus has the power to significantly alter the fortunes of the UK’s defined benefit members and employers, writes Society of Pension Professionals president Paul McGlone, but deciding when, how and to whom to distribute it will prove an intriguing challenge.
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OpinionPPF: Our new approach to company voluntary arrangements
Malcolm Weir, director of restructuring and insolvency at the Pension Protection Fund, explains how the lifeboat’s new CVA guidance will assist employers and their advisers when putting together a proposal.
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OpinionScrap the cap? PPF rules challenged at CJEU
It will be interesting to see if the Pension Protection Fund compensation cap survives the impending Court of Justice of the European Union’s decision in the case of Grenville Hampshire v The Board of the Pension Protection Fund, writes Aries Insight’s Ian Neale.