PPF

UK - The surplus of defined benefit schemes monitored by the Pension Protection Fund slipped from £45.5bn in March to £2.3bn last month.

The surplus of defined benefit schemes monitored by the Pension Protection Fund slipped from £45.5bn in March to £2.3bn last month.

Nearly 200,000 people are waiting for their schemes to be assessed for entry into the Pension Protection Fund, the lifeboat organisation says.

The Pension Protection Fund has updated its valuation assumption guidance for s179 and s143 valuations to better reflect pricing in the bulk annuity market.

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The Pension Protection Fund says it is on target to become self sufficient by 2030 but the next 12 months will be a testing time.

The Worthington Group has overpaid £130,000 into the Jerome Group Pension Fund because its Pension Protection Fund levy decreased, its triennial review shows.

The Pension Protection Fund took a further 41 schemes under its wing in February.

UK - The Pension Protection Fund will modify how it calculates investment and insolvency risk to ensure a "stable and more predictable" levy for schemes, its chief executive says.

The Pension Protection Fund will modify how it calculates investment and insolvency risk to ensure a "stable and more predictable" levy for schemes, its chief executive says.