Publication
Supreme Court of Canada rules managers cannot unionize in Quebec
On April 19, 2024, the Supreme Court of Canada handed down the long-awaited decision on the unionization of managers.
United Kingdom | Publication | March 2024
The PPF has published a blog sharing its experience of working with overfunded schemes (that is, on a PPF basis) that enter the PPF’s assessment period and how it is helping them to achieve the best possible outcomes for members.
Written by PPF Chief Customer Officer Sara Protheroe, the blog acknowledges that more than half of the schemes that enter PPF's assessment period are now overfunded. Ms Protheroe details how in 2022 the PPF set up its PPF+ Advisory Panel, which specialises in supporting overfunded schemes and has been able to help support 26 schemes working towards securing deals outside the PPF over the past two years.
In a press release published on March 14, 2024, the DB pensions superfund Clara announced that all 10,400 members of the Debenhams Scheme are to be transferred to Clara from PPF assessment, with the scheme beginning its journey over the next 5-10 years to an insured buyout.
Clara will provide £34m of new capital to increase the security of members’ benefits and will provide £4m in back-payments to be paid to members who received reduced pensions during assessment, when member benefits were aligned to PPF Compensation levels.
Publication
On April 19, 2024, the Supreme Court of Canada handed down the long-awaited decision on the unionization of managers.
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