On 7 January 2011, the Pension Protection Fund (the "PPF") published guidance for trustees making an application for reconsideration under section 151 and/or an application for closed scheme status under section 153 of the Pensions Act 2004. The guidance provides a step-by-step guide for trustees making an application to the PPF under either (or both) section(s). Usefully, the guidance also states that the PPF will consider applications in draft where they are submitted well in advance of the deadline. This is likely to prove beneficial to trustees making a first application under either section.
The full guidance can be accessed on the PPF website.