Web12. feb 2024 · Pension Protection Fund. As you will be aware following the collapse of the Carillion in January 2024 the two Carillion Rail sections of the Railways Pension Scheme (RPS), GTRM and Centrac, were placed in the assessment period of the Pension Protection Fund (PPF). RMT representatives have recently received concerns raised by a number of … WebA PPF assessment period typically runs for up to two years following the initial employer insolvency. We have worked with the PPF since it was established in 2005 and transferred one of the very first pension scheme (s) to enter the PPF in 2006.
Glossary - The Pensions Regulator
Webassessment period This starts on the assessment date and is the period of time during which the Pension Protection Fund works with the scheme trustees to assess whether it … WebInsurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.. An entity which provides insurance is known as an insurer, insurance … isaiah smith facebook
Regulation of schemes in wind-up - joint statement - The Pensions …
WebCarillion has 13 UK defined benefit pension schemes with 27,000 members. Following the company’s entering compulsory liquidation on 15 January 2024, most, or all of the schemes, were expected to enter a Pension Protection Fund assessment period. 1. By 21 May 2024, 12 had done so. 2 Web4. jan 2024 · During the PPF assessment period, the Trustees are required to ensure that the addresses held for all members are up-to-date and accurate. To do this, the Trustees may enlist the help of Target Professional Services (UK) ... entitlements that will occur now that the Schemes have entered a Pension Protection Fund (“PPF”) assessment period ... WebThe Old British Steel Pension Scheme has, as of 29 March 2024, entered a PPF Assessment Period. If you opted to switch to the New British Steel Pension Scheme in the ‘Time to … olentangy hyatts middle school athletics