Pension Protection Fund

The PPF has published the ‘2011/12 Pension Protection Levy Consultation Policy Statement: Insolvency Risk’. We have made certain changes for the 2011/12 levy and all schemes and employers should take note of them and act as soon as possible before the 31 March 2010.

The full document is available on the main Levy page on the PPF website

A new probability of insolvency table for 2011/12 has also been published. This will affect all schemes’ levies. We recommend speaking to D&B as soon as possible to see if there’s any information you can provide that will affect your score.

Other changes to be aware of:

• PPF-compliant contingent assets will be excluded by D&B in their scores. This means that the PPF will inform D&B about which employers have pledged contingent assets.
  
• When measuring the failure score of a subsidiary whose ultimate parent company is at substantial risk of going bust, the score of the subsidiary will be that of the parent. A parent at severe risk is one with a failure score between 1 and 10. We recommend you ensure D&B have the correct information on your group structure.
  
• Employers that seek changes to their industry sector or geographical region will need to provide evidence to support that change. If you think you have been assigned to the wrong sector or employer, contact D&B to find out the evidence required.