PPF

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.

Pension schemes to face 'quality mark'; BCC calls for pensions levy to be scrapped; SPC calls for end to annual rise in final salary pensions; British firms must find hundreds of millions for bosses' pensions

The Pensions Regulator is set to launch an expert services framework where pre-selected specialist firms give advice or evidence during complex governance or investment investigations.

The aggregate funding position of the 7400 defined benefit pension funds monitored by the Pension Protection Fund worsened to a deficit of £173.2bn in August.

My column last week ended with a defence of public sector defined benefit pension schemes and the hope that from this last bastion of shared risk, a future model for retirement savings might one day emerge.

UK - The Pension Protection Fund is set to become one of the largest pension schemes in the UK in the next five years, Hymans Robertson warned.