All Pension Protection Fund (PPF) articles – Page 3

  • News

    Pension Protection Fund steps into social housing

    2021-02-12T00:00:00Z

    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. 

  • News

    Mowlem scheme completes buyout and exits PPF

    2021-02-09T00:00:00Z

    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.

  • Sara Protheroe,
    Opinion

    Better communication can ease rush to transfer out of DB

    2019-02-26T00:00:00Z

    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.

  • Giles Bywater
    Opinion

    Reducing your 2019-20 PPF levy

    2019-01-16T00:00:00Z

    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.

  • Paul McGlone
    Opinion

    Surplus poses opportunities and challenges for PPF

    2018-09-03T00:00:00Z

    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.

  • Malcolm Weir
    Opinion

    PPF: Our new approach to company voluntary arrangements

    2018-08-13T00:00:00Z

    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.

  • Ian Neale
    Opinion

    Scrap the cap? PPF rules challenged at CJEU

    2018-04-23T00:00:00Z

    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.

  • Chris Collins
    Opinion

    Final PPF levy deadlines ahead of autumn invoicing

    2018-04-10T00:00:00Z

    Getting deficit reduction payments certified will be easier under the 2018-19 levy rules, says the Pension Protection Fund’s Chris Collins.

  • Opinion

    PPF: We are ready for whatever comes our way

    2018-02-05T00:00:00Z

    In-house management has helped get the Pension Protection Fund in a good place, says the fund’s Trevor Welsh.

  • Malcolm Weir
    Opinion

    A spotlight on employer restructuring

    2017-09-22T00:00:00Z

    Malcolm Weir of the Pension Protection Fund explains the lifeboat’s priorities when assessing a corporate restructuring that involves changes to pension promises.

  • Hans den Boer
    Opinion

    The PPF’s funding strategy: Flight path to self-sufficiency

    2017-07-21T00:00:00Z

    The Pension Protection Fund’s Hans den Boer says why the PPF cannot be complacent despite its healthy funding position.

  • Ian Scott
    Opinion

    PPF: An investment strategy for the long term

    2017-06-13T00:00:00Z

    From the hedging programme to infrastructure investments, the Pension Protection Fund’s Ian Scott explains how the lifeboat fund manages its assets.

  • David Taylor
    Opinion

    A PPF levy for schemes without a substantive sponsor

    2017-03-20T00:00:00Z

    The PPF’s David Taylor explains the proposed new levy for schemes without a sponsor, and reveals that further stakeholder input will be sought.

  • David Taylor
    Opinion

    PPF: Act on levy rules now

    2017-01-13T00:00:00Z

    The Pension Protection Fund’s David Taylor reveals what schemes can expect from the PPF’s levy determination at the end of March.

  • Sara Protheroe
    Opinion

    Behind the scenes at the PPF

    2016-09-13T00:00:00Z

    The Pension Protection Fund’s Sara Protheroe gives an insight into how the lifeboat fund and its members have fared since insourcing member services a year ago.

  • Hans den Boer
    Opinion

    The PPF’s funding strategy: A long-term view

    2016-07-12T00:00:00Z

    More than a decade after our creation we remain confident of our financial position. In our last published annual report and accounts, we had £3.6bn in reserves, a 115.1 per cent funding ratio, more than £22bn of assets and responsibility for more than 220,000 members.

  • Opinion

    Government warned against ‘knee-jerk’ reactions on DB funding after BHS

    2016-06-06T00:00:00Z

    From the blog: The failure to rescue high street giant BHS could have widespread impact on the pensions industry, with experts warning the entry of its two defined benefit schemes into the Pension Protection Fund will not be automatic.

  • Sue Rivas
    Opinion

    Doors remain open as FAS prepares to close

    2016-05-10T00:00:00Z

    As the Financial Assistance Scheme nears its closing date, Sue Rivas summarises the key facts and offers any remaining eligible schemes the chance to apply for funding.

  • Chris Parrish
    Opinion

    PPF: Don’t delay GMP reconciliation

    2016-03-07T00:00:00Z

    The GMP reconciliation deadline is looming, and where schemes fail to reconcile data, liabilities could increase unnecessarily. The Pension Protection Fund’s Chris Parrish says where schemes in PPF assessment can seek help. 

  • Chris Collins
    Opinion

    PPF: New system leads to fewer appeals

    2015-10-20T00:00:00Z

    Talking Head: The Pension Protection Fund’s Chris Collins shares how the PPF’s invoicing has gone since the new insolvency risk model was introduced, and what else is in the pipeline.