PPF

The Pension Protection Fund (PPF) is "systematically" overcharging companies millions of pounds on their levy payments, Aon Consulting says.

The pensions protection levy is likely to climb again in 2008 after the Pensions Protection Fund (PPF) collected less than half its estimate in levies for 2006/7, according to Mercer.

Pension Protection Fund (PPF) proposals aimed at giving defined benefit (DB) pension schemes greater planning certainty would lead to unfair levies, says First Actuarial.

The Pension Protection Fund (PPF) has launched its long-term risk model, a bespoke system that will enable the fund to calculate future risks.

The Pensions Protection Fund has today launched a leaflet to help people who lost their pensions when their employers became insolvent and who are currently being assessed by the PPF scheme.

The House of Lords has thrown down a test for Gordon Brown by passing a cross-party amendment to the Pensions Bill which would create a ‘lifeboat fund' for victims of occupational pension scheme wind-ups.

In a move welcomed by the Government, Paul Thornton has recommended the Pension Ombudsman should become a jurisdiction of the Financial Ombudsman Service in a bid to speed up the resolution process.

The Pension Protection Fund has published its updated management plan which reveals running costs for the organisation will almost double by 2009/10 to more than £22m from around £12m in 2006/07.

The Pension Protection Fund has confirmed it will not include investment risk as part of the risk-based levy.

The Association of Consulting Actuaries is calling for government departments dealing with pensions to be included in the Thornton Review of pensions institutions.