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Case Study
An out of control deficit
We provide a regular funding and investment monitoring service to the trustees of a £40m scheme. We were asked to review the funding and investment strategies of th…
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Case Study
A complex covenant structure
One of our clients has been facing some challenging covenant issues and so our actuarial and investment consulting teams have worked closely together to provide pro…
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Briefing
DB Scheme Funding - where do we go from here?
Our recent survey suggested that trustees are engaged with TPR guidance but are still getting to grips with how to implement risk management. We discuss some of the…
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Blog
PPF levy triennium: a fairer distribution between pension schemes?
The Pension Protection Fund (PPF) has released a consultation setting out its proposals for the 2018/19-2020/21 levy triennium. Overall the PPF’s proposals are inte…
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Blog
Take action! Time is running out for the 2017/18 PPF levy
Barnett Waddingham highlights some actions that can still be taken to manage the size of your Pension Protection Fund levy before the 31 March 2017 data deadline, i…
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Blog
PPF reveals further fall in contingent funding arrangements
The PPF’s latest Purple Book reveals a fall in PPF-compliant contingent assets, driven by the PPF’s more robust approach to certification. Alternative approaches to…
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Blog
Review: PPF propose changes to the levy rules
The PPF is proposing a transitional adjustment where companies would otherwise see an increase in their levy solely as a result of the move to the FRS102 accounting…
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Blog
PPF levy – third triennium proposals
The Pension Protection Fund (PPF) has given an early indication of the changes that it intends to make as part of its three-yearly review of the PPF levy rules, wit…
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Blog
PPF Levy: get your parent company guarantee right
Trustees must thoroughly investigate detail of a contingent asset, such as a parent company guarantee, put in place to reduce the PPF levy.
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Blog
All is not lost if the PPF decides to reject a contingent asset
The latter half of 2014 undoubtedly saw a lot of attention being focused on the PPF and their new Experian-based insolvency risk model. Much of the focus fell on th…