Pension Protection Fund

Over 2500 members of Halcrow Pension Scheme have agreed to transfer into a new scheme that lowers benefits but keeps them out of the Pension Protection Fund (PPF).

The liabilities of defined benefit (DB) pension schemes continued to increase last month amid further falls in yields, according to the Pension Protection Fund's (PPF) 7800 Index.

The Work and Pensions Committee (WPC) has launched an inquiry into the regulation of defined benefit (DB) pension schemes.

The government should give the regulator more powers to prevent companies from avoiding defined benefit (DB) deficits, according to a Pensions Institute report.

The Financial Assistance Scheme (FAS) service will close to new applications from pension funds on 1 September.

Any surplus funds the Pension Protection Fund (PPF) accumulates should not be returned to the levy payers who provided them, according to almost 60% of respondents.

The likelihood of the Pension Protection Fund (PPF) meeting its 2030 self-sufficiency target has risen to 93% in its 2015/16 report.

A regulated apportionment arrangement (RAA) has been granted as part of the Halcrow rescue plan.

The industry and regulator should act to implement an early warning system for beleaguered DB schemes according to Silverfinch.

The Pension Protection Fund (PPF) is considering tweaking its practices and procedures for levies, including improving its Experian model.