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Favier: sale will reduce levy

PPF cashes in on Heath shares

The Pension Protection Fund (PPF) has received more than £30m for its shares in Heath Lambert, six years after it bailed the company out.

The insurance broker was saved from insolvency when the lifeboat took its pension schemes into assessment in 2005, in exchange for a stake in the business.

PPF benefits from Nortel precedent

Fees will not enter PPF

The Pension Protection Fund (PPF) is set for a windfall from the Nortel-Lehman case, as millions of pounds in independent trustee costs transfer to creditors.

Polin: the private sector has already moved from DB to DC

Pension managers criticise PPF levy

The Pension Protection Fund (PPF) levy has been roundly attacked by pension fund managers in a report from Ignis Asset Management.

According to Sharing the Pensions Challenge, the policy was attacked by pension managers because the levy acts as a “drain on the resources of pensions” and places a heavy administrative burden on schemes.

One manager from the retail sector commented: “The PPF levy…is a big drain on the fund. If the government could provide this in a different way it would be helpful.”

PPF 7800 in the black

The Pension Protection Fund’s (PPF) 7800 Index, which tracks the aggregate funding position of the UK’s defined benefit (DB) schemes, reported a surplus for the first time since June 2008.

PPF reduces exposure to equity with

The Pension Protection Fund (PPF) has revised its statement of investment principles (SIP), lowering exposure to equities and investing in private equity for the first time.

Rubenstein: levy review is timely

It’s all go at the PPF…

A busy month for the Pensions Protection Fund (PPF) saw the lifeboat win a significant High Court case, publish proposals for a change to levy calculations and reveal its deficit had doubled in a year.

Deficits break £1trn barrier

Liabilities of UK final salary schemes exceeded £1trn for the first time during August, according to the latest update from the Pension Protection Fund’s (PPF) 7800 Index.

Lehman Brothers: under consideration for the PPF

Spinnaker throws schemes a lifeline

Master trust offers pension schemes at risk of entering the PPF an alternative to buying out members’ benefits at less cost and in less time

Rubenstein: any danger to the PPF’s levy base is a long way in the future and will not be addressed in the short term

Buyout in members’ interest, claims PPF

Long-term risk that scheme buyout poses to stability of the Pensions Protection Fund’s levy does not worry its new leader, Alan Rubenstein

PPF 7800 shortfall reaches £242bn

The Pension Protection Fund’s (PPF) 7800 Index has revealed a £40bn increase in pension deficits for March, with the combined shortfall of those in deficit exceeding £250bn.

Webb: PPF may have to raise levy

PPF liabilities put fund at risk

The potential liabilities of the Pension Protection Fund (PPF) have soared after the aggregate deficit of UK schemes deteriorated to record levels last month.

Cable: govt should make it clear that it stands behind the PPF

Calls for govt to guarantee PPF

Vince Cable has criticised the government’s arm’s-length approach to dealing with the Pension Protection Fund (PPF).

Howorth: increased levy burden is an ‘insensitive’ move

Government urged to cut levies for hard-hit firms

The government is facing a fresh call to reduce or temporarily suspend Pension Protection Fund (PPF) levies for companies in financial distress.

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Poll

The Money Advice Service is an elegant and innovative way of providing consumers with much needed help to access financial services products.

  • Absolutely. Should have happened years ago.
  • It's a start. Let's hope it's a solid foundation.
  • Not sure either way.
  • It's not advice, but you only find that out in the small print, which nobody reads.
  • Are you having a laugh? It's another way for the regulator to raise a fighting fund to paper over the cracks in its regulatory armoury.

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