Pension Protection Fund

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.

The Pension Protection Fund will reduce the cap on its risk-based levy to 0.5% of liabilities.

Gill Wadsworth reports on how trustees are dealing with the continuing funding crisis

UK - The British Chamber of Commerce has called for an immediate suspension of the 2010/2011 Pension Protection Fund levy in a bid to support employers affected by the economic downturn.