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.
This is the fifth version of standard forms published by the PPF since their introduction in 2006.
The new forms will need to be used for any new contingent asset arrangements executed on or after January 18 2018. Arrangements agreed before January 18 can be certified or recertified for 2018-19 without needing to adopt the new forms, the PPF noted.
Some schemes with existing contingent assets will need to transfer current arrangements to the new forms if they are to be recognised in the levy from 2019-20 onwards.
