On 9 November, the PPF published proposals for the 2011/12 pension protection levy year which aim to improve the way the insolvency risk for sponsoring employers is assessed. The proposals reflect industry feedback and a review of methodology and insolvency probabilities carried out by Dun & Bradstreet (D&B).
The key changes include:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Norton Rose Fulbright, Regulatory compliance, Charitable organisation, Subsidiary, Parent company, Charity Commission for England and Wales