Time ticking for PPF implementation

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A pension specialist has sounded an urgent call for clarity on new Pensions Protection Fund (PPF) regulations, as new rules are just six weeks away.

Commercial law firm Wedlake Bell says it will run out of time for ‘meaningful consultation’ with less than six weeks to go before implementation of the PPF, on 6 April 2005. Jane Wolstenholme, partner in Wedlake Bell's pensions team says there is a major concern important amendments could either be delayed or, what might be more likely, Parliament will implement new rules with little time for constructive discussion. Wolstenholme adds: "It's understandable that the Government would want to have tackled the pensions problem before the election, but this legislation should not be rushed ...

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