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International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
PPF partners with Aviva to protect hybrid scheme members’ DC benefits
United Kingdom | Publication | February 2024
On February 8, 2024, the PPF announced that it has partnered with Aviva, who will provide a DC discharge solution for hybrid schemes.
The PPF is only able to pay DB benefits thus, when a PPF-eligible pension scheme with a DC element experiences an employer insolvency, these benefits must be transferred to a DC discharge provider before the PPF can complete the transfer of the pension scheme.
The PPF said that the Aviva Master Trust will provide a solution to ensure that members’ DC benefits are protected. Trustees will also be able to look at the options available to them in the wider DC market to ensure that members are receiving the best possible outcome.
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Upcoming deadlines for complying with federal pay equity legislation
Another compliance deadline is approaching under the federal Pay Equity Act – federally regulated employers are required to file an annual statement with the Office of the Pay Equity Commissioner on or before June 30, 2025, if they posted a pay equity plan in the previous year.
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