All Pension Protection Fund (PPF) articles – Page 4
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NewsLawyers back superfunds as strong ‘Plan B’ for DB plans
But legal experts split over best sequencing of action for schemes with insolvent sponsors
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UK roundup: TPT master trust invests in private equity
Plus: John Townsend scheme agrees £30m buy-in
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NewsUK roundup: PPF’s reserves rise to £9bn
Plus: Independent schools drop out of teacher pension scheme
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UK roundup: PPF seeks specialist panel
Dashboard programme searches for providers for tech testing; £49m buy-out for Miracle Garden scheme
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UK roundup: PPF consults on levy, to collect £415m
Atkinson Northern scheme in buy-in deal with Legal & General
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NewsUK lifeboat fund confirms COVID levy payment window extension
Schemes and sponsoring employers can apply for the payment extension within 28 days of receiving their levy notice
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NewsFRC fines KPMG £13m, sanctions restructuring unit partner [updated]
KPMG and Costley-Wood’s actions allowed HIG Group to snap up Silentnight out of insolvency while £100m of pension liabilities were transferred to the PPF
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NewsPeople moves: PPF names board chair; Kløw leaves Norway’s pension fund group
PPF, Pensjonskasseforeningen, Aviva, Finanstilsynet, Border to Coast, DPAG, AXA IM, SSF, Candriam, Nordkinn AM, Aon, RepRisk, Preqin
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NewsDB lifeboat fund strikes first direct deal in UK social housing
Pension Protection Fund says investment ‘showcases our in-house expertise and capabilities’
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NewsUK roundup: Mowlem scheme avoids lifeboat fund with £150m L&G buyout
Plus: NEST chooses administrator for digital future-focussed scheme
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NewsUK roundup: Smart Pension to provide platform to Barclays clients and employees
Plus: PPF launches consultation on actuarial assumptions; UK DB schemes’ health surpasses pre-COVID-19 levels
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NewsPPF: Two thirds of DB schemes in deficit following COVID-19 market crash
The UK’s DB lifeboat fund warns of an expected increase in the number of claims over the next year as the pandemic’s effects bite
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Regulator called to ‘fight the corner’ of Arcadia pension scheme members
Sir Philip Green’s high street retail company reportedly on the brink of collapse
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M&S tops up de-risked pensioner liabilities with £750m set of buy-ins
80% of retail scheme’s pensioner liabilities are now insured
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Old British Steel Scheme set for £2bn buyout with PIC
The transaction will secure the pensions of 30,000 former steelworkers and keep them out of the Pension Protection Fund
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NewsUK regulator delivers superfund guidance for trustees, sponsors
Guidance follows the announcement of an interim regime for superfunds in the summer
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PPF: Redeveloped long-term risk model will enable ‘step-change’
Annual report also reveals COVID-19-triggered reserves, funding ratio slumps
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NewsPPF drops multi-year levy approach given COVID-19 uncertainty
Flags possible ‘substantial’ effects of COVID-19 on levy scores for 2022/23 payment period
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Risk that large DB employer insolvencies could ‘seriously strain’ PPF
LCP sees PPF well-placed to withstand deep COVID-19-related downturn, but fate of firms with large DB deficits key
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NewsPPF issues first RI report as part of move to ‘share more widely’ [updated]
Inaugural report reveals reporting and stewardship policy plans; annual report and accounts delayed until autumn
