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Burges Salmon LLP | United Kingdom | 29 Sep 2023
Welcome news for DB schemes as the PPF proposes reducing its levy by 50% in 2024/25, but future changes will be needed
The Pension Protection Fund (PPF) has launched its consultation on the 2024/25 levy. The consultation proposes that the PPF will collect an estimated…
Addleshaw Goddard LLP | United Kingdom | 1 Sep 2023
Court approves scheme trustee's decision to wind up sponsoring employer
In BRASS Trustees Ltd v Goldstone the High Court has approved a decision by a scheme trustee to issue winding up petitions against the pension…
Brodies LLP | United Kingdom | 9 Nov 2022
Pension Protection Fund consults on new levy rules
Following a review of its long-term funding strategy, the Pension Protection Fund (PPF) has launched a consultation on the 2023/24 levy rules and…
Osborne Clarke | United Kingdom | 4 Nov 2022
Lower levy on the horizon as UK's PPF reviews calculation methodology
The Pension Protection Fund (PPF) is consulting on its levy rules for 2023/24, which will determine how it calculates the levy for invoices issued in…
Lexology PRO | Asia-Pacific, Australia, European Union, etc. | 8 Sep 2022
ESG: key updates and developments (26 Aug – 8 Sep)
US companies face stricter executive pay disclosures, Australia is reviewing its Safeguard Mechanism for emissions reporting, and G7 climate commitments fall short of the Paris Agreement targets – plus other key updates.
Lexology PRO | Asia-Pacific, South Africa, United Kingdom, etc. | 22 Jul 2022
ESG: key updates and developments (15 – 21 Jul)
The High Court rules the UK’s net-zero strategy unlawful, South Africa presents a green transition framework, and only 8% of ASEAN businesses link executive pay to climate goals – plus other key updates.
Macfarlanes LLP | United Kingdom | 23 May 2022
Dosco: quantum of a contribution notice
On 31 March 2022, the Pensions Regulator (TPR) published a section 89 report on its regulatory intervention in relation to the Dosco Overseas…
Shoosmiths LLP | European Union, United Kingdom | 3 Feb 2021
Pension Protection Fund: levy determination published, 2021/22 levy year
Ordinarily, the PPF considers matters across the levy triennium with a view to keeping the rules relatively stable on a triennial basis. However, in…
Hill Dickinson | United Kingdom | 17 Nov 2020
Pension trustees need to prepare for possible sponsor distress following latest guidance
Notwithstanding the economic support packages put in place, COVID-19 is continuing to challenge scheme sponsors and the pensions industry generally…
Quadrant Chambers | United Kingdom | 26 Oct 2020
The CIGA Moratorium: A Lifeline for UK Companies?
CIGA, which runs to a mammoth 254-pages, was rushed through the United Kingdom’s Parliament during the country’s lockdown. It came into force on 25…
