Publication
Regulatory investigations and enforcement: Key developments
The past six months have seen a number of key changes in the regulatory investigations and enforcement space.
Changes to Pension Protection Fund valuation assumptions for Smaller Schemes
United Kingdom | Publication | June 2024
The PPF has published its response to its recent consultation on changes to the actuarial assumptions for section 143 and section 152 valuations.
These valuations relate to smaller schemes with less than £50 million in liabilities. On the previous assumptions, such schemes could have been overfunded and therefore ineligible for PPF entry. They could still, however, have been unable to obtain an affordable buy-out quotation for PPF levels of compensation.
The proposed changes came into effect on May 31, 2024.
Partner
Email
lesley.browning@nortonrosefulbright.com
Recent publications
Publication
Low carbon projects: Global hydrogen and CCS market insights
Low carbon projects, especially those involving hydrogen and carbon capture and storage (CCS), play a crucial role in the journey towards global decarbonization.
Publication
Pensions Ombudsman rejects claim for scam compensation when trustees had no duty of due diligence
In a recent determination, the Ombudsman rejected a scheme member’s claim that the trustees should have conducted due diligence on the receiving scheme before making a transfer in in 2014, as there was no duty of care on the trustees at the time of transfer.
Subscribe and stay up to date with the latest legal news, information and events . . .