Of interest to schemes providing final salary benefits and considering certifying or re-certifying contingent assets is the Pension Protection Fund’s (PPF) publication online of a factsheet outlining its experience of the contingent asset review process. The briefing note highlights particular issues of which trustees should be aware but does not replace the PPF’s Levy Rules and Guidance for 2015/16, also available on the PPF website.

The PPF’s briefing sets out examples of factors which need to be considered when assessing the impact of employer insolvency on a guarantor. While this is not intended to be a checklist, the PPF says it provides a guide to the thought process required.

View the contingent asset factsheet.

As a further reminder, the deadlines for submission of PPF levy information are provided below.

Click here to view table.