Published by Ben Pullen on
The Scottish Coal Company Ltd and UK Coal Operations Ltd went into administration in 2013, with Barnett Wadddingham then appointed to carry out the pension scheme PPF assessment work. The schemes, comprising over 7,500 members, were prepared for transfer to the PPF with the intital assessment period completed by July 2014.
Barnett Waddingham subsequently continued to work closely with the PPF for the efficient transition to the PPF Member Services team.
“We are very pleased to have been instrumental in the transfer of these schemes. Our team has supported the members throughout the process offering a dedicated helpline, guidance and reassurance. The transfer is the culmination of the hard work of our team, the trustees and the PPF and offers continued security to the members for the safety of their pensions.”Ben Pullen
Partner and panel actuary to the Industry-Wide schemes