Pension Protection Fund

Investment

Are DB deficits on a downward spiral?

The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend

clock 19 February 2018 • 4 min read

Law and Regulation

Steelworkers left to fend for themselves 'while Rome burns', Field's committee says

Ensuring British Steel workers were well-equipped to make a decision on their future pension provision was "afforded insufficient priority", and the regulator now needs to review the process, the Work and Pensions Committee (WPC) has said.

clock 15 February 2018 • 5 min read

Defined Benefit

Pension Protection Fund 7800 deficit slashed in half as gilt yields rise

The combined defined benefit (DB) deficit decreased by £52.8bn over January to £51.0bn on a section 179 basis, according to the Pension Protection Fund's (PPF's) latest update.

clock 13 February 2018 • 2 min read

Defined Benefit

Thousands of steelworkers to fall into PPF after failing to return paperwork

More than 25,000 steelworkers did not return their 'options forms' and as a consequence will remain in the current British Steel Pension Scheme (BSPS) for now, to move into the Pension Protection Fund (PPF) at the end of March.

clock 30 January 2018 • 2 min read

Law and Regulation

Frank Field brands TPR's approach to Carillion as 'tentative and apologetic'

The Pensions Regulator (TPR) has provided little evidence of hard action despite being aware of problems at Carillion since at least 2008, Work and Pensions Committee (WPC) chairman Frank Field has said.

clock 29 January 2018 • 3 min read

Law and Regulation

High Court rules Wedgwood scheme closure in 2006 was effective

The High Court has ruled that Wedgwood made an effective and valid decision when closing the Wedgwood Group Pension Plan (WGPP) to future accrual and ending the final salary link.

clock 26 January 2018 • 3 min read

Defined Benefit

Carillion pension schemes 'had £2.6bn buyout deficit' on collapse

Carillion's 13 UK defined benefit (DB) pension schemes had a combined £2.6bn buyout deficit upon its collapse on 15 January, according to an analysis for Sky News.

clock 19 January 2018 • 3 min read

Defined Benefit

DB members urged to ignore 'scaremongering' as schemes '129% funded'

The UK's defined benefit (DB) pension schemes were 129% funded on a 'best estimate' basis on 31 December 2017, according to First Actuarial.

clock 18 January 2018 • 2 min read

Law and Regulation

Carillion on PPF's watch list 'since last autumn'

Carillion's 13 UK defined benefit (DB) schemes were added to the Pension Protection Fund's (PPF) watch list by autumn last year, the Financial Times reports.

clock 18 January 2018 • 1 min read

Industry

Carillion collapse highlights fragility of scheme funding

Jonathan Stapleton says in light of the construction giant's collapse, the government must urgently tackle the issue of scheme funding.

clock 16 January 2018 • 2 min read
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