Pension Protection Fund

Richard Favier says extending the 12-month period would result in a lot of companies seeking to pass their pension debts to the PPF

The Pension Protection Fund (PPF) has reached a settlement with Toys R Us - a move that has paved the way for an agreement to be reached on the firm's Company Voluntary Arrangement (CVA).

All 6,000 UK schemes had a surplus of £358bn by the end of last month when calculated under a best estimate return on their assets, according to First Actuarial.

Toys R Us may have to pay around £9m into its defined benefit (DB) scheme so its restructuring deal can be agreed by the Pension Protection Fund (PPF), according to reports.

The Pension Protection Fund has confirmed its levy determination for 2018/19 - fixing the levy estimate at £550m.

This week's top stories included the pension tax relief consequences of the Scottish government's decision to differ tax bands for Scottish workers compared to the rest of the UK.

The £29.6bn Pension Protection Fund (PPF) has appointed Purna Bhudia as head of credit.

Defined benefit (DB) schemes have hit their best funding position since April 2014, according to the Pension Protection Fund (PPF).

Just 12% of private sector defined benefit (DB) schemes remain open to new members, according to the Pension Protection Fund (PPF).

Defined benefit (DB) schemes further upped their allocation to bonds in the year to March 2017, continuing a four-year trend, analysis by the Pension Protection Fund (PPF) has found.