Pension Protection Fund in focus
Pensions specialists at IRS present an in-depth examination of the work of the Pension Protection Fund, launched in April 2005, which provides compensation for members of underfunded pension schemes when an employer becomes insolvent.
The second part of the study examines the potential outcome of applications to the PPF, the PPF's role once it has taken over a scheme and the levels of compensation paid out to members.
PPF (2): PPF compensation - application processes and benefits offered From IRS journal Occupational Pensions.
PPF (1): Pensions lifeboat promises hope for sinking schemes The first part of this two-part study deals with how the PPF operates, its levy-based funding, and how schemes are assessed for eligibility for compensation.
Also
Memorandum defines roles for pensions trio A tripartite memorandum of understanding has been drawn up, establishing a framework for cooperation between the PPF, the DWP and the Pensions Regulator. Occupational Pensions reports.
Pensions: Code of practice on notifiable events explained Occupational Pensions looks at the Code of Practice on notifiable events, the purpose of which is to assist the Pensions Regulator in meeting its statutory objective of helping employers avoid financial difficulties that might result in calls on the PPF to assist a scheme.
The Pensions Act 2004 and Pensions protected against winding up Read HR & Compliance Centre's guidance on the key provisions of the Pensions Act 2004, including the creation of a new Pensions Regulator and a Pension Protection Fund, which came into force on 6 April 2005.
Occupational pensions: the basics HR & Compliance Centre's employment law reference manual provides in-depth guidance on all aspects occupational pensions, including the PPF.