Ombudsman ruling forces PPF to clarify contingent asset guidance

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The Pension Protection Fund is to clarify the way schemes should value property as a contingent asset, in the wake of an Ombudsman ruling against it.

At the end of July, The PPF Ombudsman ruled in favour of the NASUWT Managed Pension Plan, which sought to use a conference centre as a contin- gent asset to reduce its levy payments in 2009. The P...

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