Pensions - Articles - PPF publishes consultation on funding determinations


 The PPF has published its Consultation on Funding Determinations and amendments to section 151 in the Pension Protection Fund (Miscellaneous Amendments) Regulations 2012.The Pension Protection Fund (Miscellaneous Amendments) Regulations 2012 (the Regulations) are intended to exercise powers conferred by sections 143 and 151 of the Pension Acts 2004, as amended by the Pensions Act 2011.

 Changes introduced in the Pensions Act 2011 will:

     
  •   Make it possible for the PPF to use a funding determination in place of a section 143 valuation; and
  •  
  •   Allow a scheme to make an application for reconsideration under section 151 if they are unable to obtain a protected benefits quotation.

 The Board proposes to start using the changes introduced by the Regulations as soon as it has had time to consider the responses to this consultation and subsequently published its Statement.

 The Board would therefore like to consult on the proposals set out in this document.

 The Board would like to receive responses to this consultation by 29 July 2012.
  

Back to Index


Similar News to this Story

No retirement plan leaves you four times more stressed
Almost a third of people in the UK admit to having no plan for their finances in retirement (30%). People without plans are four times more likely to
Regulatory risk remains high on the list of schemes concerns
Aon has released the UK results of its ‘Global Pension Risk Survey 2025/26’, which highlights regulatory risk as a continuing concern for defined bene
PPF publishes latest PPF 7800 update for September 2025
This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.