On eve of Brexit, PPF’s chief risk officer isn’t too worried

Stephen Wilcox talks about getting pensions paid without the benefit of controlling ‘UK Plc’

Photo: Risk.net montage

Possibly the most basic tool in any risk manager’s kit is the simplest: pick your battles. However, the UK’s Pension Protection Fund (PPF) – which steps in when a defined benefit pension can no longer pay its retirees – has no such option.

By the time the agency is on the scene, a problem has already arisen, ranging from minor to ground-shifting: a UK company offering a defined benefit scheme is in trouble, and its pension scheme requires assessment and, in the worst case, a bailout. The PPF

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