Schemes with contingent assets have until the end of March to certify that they meet stringent new criteria if they are to be used to reduce their Pension Protection Fund levy.
Under the latest guidelines, published in December, trustees must certify that they have "no reason to believe that each guarantor, as at the date of the certificate, could not meet its full commit...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date