All PPF levy articles – Page 4
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OpinionReducing your 2019-20 PPF levy
The Pension Protection Fund levy is a potentially significant liability for a UK defined benefit pension scheme, but it can be reduced by the use of contingent assets.
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News
PPF confirms 2019/20 levy at £500m
On the go: The Pension Protection Fund has confirmed that the levy it expects to collect for the 2019/20 year is £500m, down from the £550m estimated for 2018/19.
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OpinionSurplus poses opportunities and challenges for PPF
It was recently reported that the Pension Protection Fund is considering distributing some of its surplus.
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News
PPF chief hints at closing superfunds’ regulatory advantage
Consolidation vehicles hoping to hoover up assets from deficit-weary employers could see their prices forced upwards by tough levy requirements and insurance-style protections, the chief executive of the Pension Protection Fund has said.
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OpinionFinal PPF levy deadlines ahead of autumn invoicing
In December last year, the Pension Protection Fund announced a levy estimate of £550m for 2018-19, following a consultation launched in September.
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News
PPF releases update on contingent asset agreements
The Pension Protection Fund has published revised standard form agreements for contingent assets, along with new guidance. The update follows the December publication of the final rules for the PPF Levy for 2018-19.
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News
Lifeboat fund confirms 2018-19 levy
The Pension Protection Fund published its final levy rules for the 2018-19 levy year on Tuesday.
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News
PPF consultation on contingent assets will create 'winners and losers'
The Pension Protection Fund has responded to concerns about ambiguity in the wording of its contingent asset agreements, with the launch of a consultation to examine the role of such assets in calculating the PPF levy.
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OpinionWe need to talk about PPF drift
The Pension Protection Fund, the lifeboat for failed defined benefit pension schemes, is facing a looming iceberg known as ‘PPF drift’. What is this phenomenon, and how do we tackle it?
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OpinionHow contingent assets can benefit schemes
Anthea Whitton, partner at law firm Eversheds Sutherland, explains how contingent assets can benefit sponsoring employers and scheme trustees.
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OpinionA PPF levy for schemes without a substantive sponsor
Last month, the Pension Protection Fund launched a consultation on a proposed new levy rule for schemes without a substantive sponsor, as part of its 2017-18 levy determination.
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OpinionAre the select committee’s DB recommendations workable?
From the blog: The Work and Pension Committee’s DB report is exceptionally well written, but are any of its main recommendations actually workable?
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OpinionPPF: Act on levy rules now
The PPF levy is an important source of funding for the compensation we provide to members of schemes whose employer has failed.
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OpinionLiabilities for sale
Editorial: I admit, I almost never go into the British Homes Stores shop on the high street of where I live. Neither do many other people, it seems.
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OpinionNew risk model is a success, now stability is key
Talking Head: The Pension Protection Fund’s Chris Collins takes a look at the new model used for levy calculation and says what employers can expect from the PPF over the coming years.
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OpinionHow recent IASB changes could affect your scheme
Aon Hewitt’s Alastair Kennis explains the various scenarios in which employers and their pension funds could be impacted by the pension reporting changes that came into play this year.
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OpinionPPF: New system leads to fewer appeals
Talking Head: The levy has been a big focus for us at the Pension Protection Fund this autumn as we continue to implement the changes for the second levy triennium – and start to look ahead to future years.
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OpinionA decade on: The evolution of the PPF
Talking Head: This year marks the 10th anniversary of the Pension Protection Fund and the evolution from a start-up with no invested assets and two external fund managers, to an organisation with 225,597 members, £22.6bn of assets and around 70 fund managers.
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Opinion
Winner or loser? How DB funds should approach the new levy scorecard
Spence’s Alan Collins outlines the main changes to the PPF levy calculation methodology and says trustees should act as soon as possible.
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News
Do regulator and PPF need their heads knocked together over 'last man standing'?
Problems could lie ahead for schemes seeking to qualify as last man standing when completing annual scheme return forms.