Pension Protection Fund
This part of the topic index contains resources on the Pension Protection Fund. Please select the resource that you require by clicking on the relevant tab below.
7
resources
These resources are maintained, meaning that we monitor developments on a regular
basis and update them as soon as possible.
| 1 | Financial Assistance Scheme (FAS): overview This practice note provides an overview of the Financial Assistance Scheme (FAS), the arrangement set up by the UK government in 2004 to compensate members of defined benefit schemes that wound up when they were underfunded. | Practice note: overview | Maintained |
| 2 | Contingent assets: recent market practice This note sets out some illustrative examples where employers have used contingent assets towards their funding obligations or for the purposes of reducing the risk-based levies payable to the Pension Protection Fund (PPF). | Practice notes | Maintained |
| 3 | How schemes can reduce their risk-based levy A guide to steps pension trustees and employers can take to reduce their scheme's risk-based levy. | Practice notes | Maintained |
| 4 | Key topics citator A "reverse" citator setting out the main legislative provisions, regulatory materials, leading cases and determinations of the Pensions Ombudsman for some key topics in occupational pensions. Links are also included to the main PLC Pensions materials available for each topic. | Practice notes | Maintained |
| 5 | Pension Protection Fund: contingent asset requirements This practice note summarises the requirements of the Pension Protection Fund (PPF) relating to the use of contingent assets to reduce a scheme's risk-based PPF levy. It explains why an employer might benefit from using contingent assets to fund its pension scheme, the different types of contingent assets recognised by the PPF and the formalities to be met when certifying (or recertifying) a contingent asset, including when a legal opinion will be needed. | Practice notes | Maintained |
| 6 | Pension Protection Fund: levies This practice note considers the different levies payable by eligible occupational pension schemes to the Pension Protection Fund in accordance with the requirements of the Pensions Act 2004. | Practice notes | Maintained |
| 7 | Using contingent assets This practice note considers the circumstances in which salary-related pension schemes may use contingent assets towards the funding of the scheme. It looks at the various types of contingent asset and the role they can play in relation to pension schemes, highlighting issues for trustees and companies in each case. | Practice notes | Maintained |