The Pension Protection Fund (PPF) has opened a consultation on its proposal to call for out of cycle valuations following changes to the definition of money purchase benefits.
The changes, which will take effect from July (PP Online, 7 May), will mean some defined contribution (DC) benefits will be reclassified as defined benefit (DB) and will fall under PPF protection. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
