For the 2009/10 levy:

Block transfers:

The PPF will only take account of whole-of-scheme transfers, where the transfer took place before 1 April 2009. No account will be taken of new partial transfers.

  • By 5pm on 7 April 2009, schemes should have notified the PPF of any qualifying whole-of-scheme transfers which are taking place up to 31 March 2009. The transferring and receiving schemes must both supply the name and PSR number of both the transferring and receiving schemes, the date of the first transfer payment, and the date of the last transfer payment and the amount of the assets transferred.  
  • By 5pm on 30 June 2009, schemes should have reported the detail (e.g. valuation details of transferring and receiving schemes) associated with those transfers.

Contingent assets:

  • It is essential that trustees submit certified contingent asset documentation (and any recertification documentation) to the PPF by 5pm on 31 March 2009, in order for those contingent asset certificates to be taken into account in the calculation of the PPF levy for the year 2009/10.

Deficit reduction contributions:

Trustees have until 5pm on 7 April 2009 to submit certification of deficit reduction contributions.  

For 2010/11 levy:

Dun & Bradstreet:

The deadline for submitting information for use by Dun & Bradstreet in the calculation of the employer's failure score (which in turn determines the amount of risk-based levy payable) is 5pm on 31 March 2009.

Scheme data:

  • The PPF will use scheme data contained in Exchange (that is, the Regulator's scheme maintenance system) as at 31 March 2009.

Block transfers:

The PPF intends to take account of (i) whole-of-scheme transfers which occur before 1 April 2010 and also (ii) partial transfers which occur before 1 April 2009.

Deadlines relating to whole-of-scheme transfers will apply in 2010. 2009 deadlines apply to partial transfers, as set out below:

  • Schemes are expected to provide basic scheme information (ie, the name and PSR number of both the transferring and receiving schemes, the date of the first transfer payment, the date of the last transfer payment and the amount of the assets transferred) in relation to "material block transfers" by 5pm on 7 April 2009.
    • A material block transfer is where a scheme has made a transfer of the greater of (i) 20% of the asset value of either scheme (as defined in the last MFR or section 179 valuation) prior to the first transfer; and (ii) £20m.
    • Subject to the same deadlines, schemes may also opt to notify the PPF of smaller block transfers, provided they are more than 5% of scheme assets or at least £1.5m.
  • Schemes should have reported the detail associated with those transfers by 5pm on 30 June 2009.