UK - The Pension Protection Fund (PPF) has launched its Long Term Risk Model, a system enabling it to calculate the many risks it could face in the years ahead.
The model, developed over a two year period, aims to help the PPF set a stable risk-based levy year-on-year to build stability and ensure that people get the compensation they are entitled to.
PPF chief executive Partha Dasgupta said: “The Long Term Risk Model should increase confidence in the PPF, it shows we are developing systems that will enable us to set a levy measured accurately against the risk we face in the years ahead.
The Model is based on “stochastic” modelling methods commonly used by insurance companies to estimate what assets and liabilities they have and assess how solvent they are.
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.