PPF

The Pension Protection Fund has appointed former BBC online executive Sharmila Nebhrajani to its board as a non-executive director.

Dawson International has entered administration after directors and trustees failed to agree on a solution to the plug the firm's scheme deficit.

The Pension Protection Fund has added 10 firms to its panel of active bond managers in a bid to broaden its fixed income portfolio.

A PPF update released today has shown an increase in scheme deficits from June to July this year, with the aggregate balance of schemes falling from -£267bn to -£283bn on the lifeboat funds' 7800 Index.

Trading has been suspended in shares of Dawson International after the firm's scheme actuary served it with "notices of a determination of contributions".

The Pension Protection Fund has launched a specialist administration services panel it says will cut the time schemes spend in its assessment period.

The government could step in and lower the Pension Protection Fund levy to give schemes "breathing space", Mercer has said.

The government must address "artificially high deficit figures" and a potential "significant" hike in Pension Protection Fund levies, the CBI says.

An investor in Dawson International has vented its anger at the Pension Protection Fund after its share price fall almost 10% following the failure to reach an agreement over the company's struggling scheme.

The directors of Dawson International have warned it could be forced into administration after The Pensions Regulator rejected proposals for it to offload its pension scheme.