Pension Protection Fund

The combined deficit of defined benefit (DB) schemes increased by £45.5bn over February to £242bn according to the Pension Protection Fund's (PPF) latest update.

The Pensions and Lifetime Savings Association (PLSA) has advocated a "full merger" of defined benefit (DB) schemes which splits employers from their burgeoning obligations.

A scheme to allow British Home Stores (BHS) members to avoid large cuts through the Pension Protection Fund (PPF) could be the first to be assessed under new levy calculations.

The landmark agreement between the regulator and Sir Philip Green over British Home Stores (BHS), which will enable members to avoid the Pension Protection Fund (PPF), has been welcomed by the trustees.

Hoover has revealed it is pushing for a deal to send its defined benefit (DB) scheme into the Pension Protection Fund (PPF) in order to avoid collapse.

The Pension Protection Fund (PPF) is proposing a new levy rule for schemes that cease to have a substantive sponsor following a restructuring in order to protect other levy payers.

There could be a case to suspend indexation for schemes which are underfunded and where sponsors are in stress, the government has said.

The aggregate deficit of the UK's defined benefit (DB) schemes fell by £27.4bn during January, almost eliminating the growth seen in December.

The Pension Protection Fund's (PPF) decision to appoint an administrator for British Home Stores (BHS) independent of Sir Philip Green has been "vindicated" says Frank Field.

Administration costs for British Home Stores (BHS) are £1.3m higher than estimates given last June according to documents published by the Work and Pension Committee (WPC).