Regulations governing the Pension Protection Fund (PPF) have been released for consultation by the Department for Work and Pensions (DWP).
The consultation period will run until 3 January as the DWP is aiming to lay legislation before Parliament early next year, ready to come into force in April 2006.
Industry and stakeholders have been invited by the government to comment on the 10 regulations which relate to, amongst others, the technical aspects of the PPF levies, and the valuation of the PPF.
Stephen Timms, Minister for Pensions Reform, says: “These regulations set out the fuller detail of a range of structural requirements to support the Pension Protection Fund. Our proposals will provide the necessary support for the Board of the Pension Protection Fund in its operations.”
The full list of regulations contained in the consultation are:
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7968 4558 or email [email protected].IFAonline
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