The UK's Pension Protection Fund, created to take on the pension liabilities of insolvent employers, has announced revisions to the risk-based levy that it plans to charge pension schemes. Responding to industry feedback, the PPF will allow special cash contributions made by sponsors to a deficit-ridden scheme to reduce the amount of levy charged to that scheme.
A more complex issue is the way the PPF deals with contingent financing. According to PPF director of finance and investment, Partha
The week on Risk.net, July 14–20, 2017Receive this by email