Pension Protection Fund

Pension Protection Fund chief executive Alan Rubenstein speaks to Jonathan Stapleton about the lifeboat fund's annual report, its investment strategy and the risks it faces in the future

Move to protect pensions of high earners blocked; Two drop bids to run pension plan

The Pension Protection Fund has published proposals for the 2011/12 pension protection levy year in a bid to improve the way it assesses the insolvency risk for sponsoring employers of pension schemes that pay the levy.

The deficit of the Pension Protection Fund increased to £1.2bn in the 12 months to March, its annual report reveals.

UK - The Pension Protection Fund has approved a solution to equalising benefits for guaranteed minimum pensions.

The Pension Protection Fund has approved a solution to equalising benefits for guaranteed minimum pensions.

The Pension Protection Fund admitted three more schemes last month, which will result in a further 1054 people receive compensation.

The aggregate funding position of the 7400 defined benefit pension funds monitored by the Pension Protection Fund improved to a deficit of £148.9bn this month.

The Pension Protection Fund proposal to reduce the cap on its risk- based levy to 0.5% of liabilities has had a mixed reception.

UK - The volume of buyout transactions will rise to £5bn (US$7.9bn) in 2010 as prices become lower and more stable, the Society of Pension Consultants predicted.