There are plans afoot for a radical reshaping of the way the Pension Protection Fund levy is calculated – underfunding risk will be smoothed; investment risk will be taken into account; sponsor insolvency risk will be based on a 12-month average, not a snapshot, and the scaling factor will be fixed for three years at a time. The changes also mean that some schemes will no longer get a reduction in their levy bill for having a PPF-compliant (Type A) guarantee in place. (more…)
Archive for October, 2010
Well, the curtain is just about down on the 2010 NAPF Conference here in Liverpool. Along with the rest of the delegates, pensions partner Neil Bowden and I have seen the great and the good of the pensions world over the last few days and picked up some recurring themes along the way, both inside and outside the conference hall. The future of private sector pensions, the thorny question of pension indexation, and the regulatory hot potato of enhanced transfer values all featured.