The Pension Protection Fund (PPF) has published guidance on calculating and certifying block transfers.

Block transfer certificates provides the PPF with detailed information relating to the transfer of assets and liabilities between schemes and they are used for the calculating the PPF levy.

The PPF has also reminded schemes that the deadline for notifying it of any material block transfers (that are taking place upto 31 March 2009) is 5pm on 7 April 2009. Schemes will then have until 5pm on 30 June 2009 to report the detail.