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.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.