Pensions Regulator provides further guidelines

This second code follows ‘reporting breaches’ released in April and provides the necessary guidelines for trustees and managers of defined benefit pension schemes to follow when they notify the regulator of events that may increase the risk of claims on the Pension Protection Fund (PPF).The PPF was established last year to compensate members of eligible defined benefit pension schemes, whose business goes bust and where there are insufficient assets in the pension scheme to cover PPF levels of compensation.The Regulator says notifiable events is designed to reduce the risk of calls on the...