We reported in our July 2012 UK Pensions Update that the Pension Protection Fund (the "PPF") had launched a consultation on ways in which it could ease entry into the PPF in relation to (i) the use of funding determinations instead of a full Section 143 valuation where a scheme is either very underfunded or very overfunded; and (ii) simplifying the process and reducing the costs involved in reconsidering whether the PPF must assume responsibility for a scheme in an assessment period.
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PPF - response to consultation
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