What the Ibstock ruling means for schemes

Naomi Rainey examines the ombudsman's ruling on the scheme's PPF levy

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The Pension Protection Fund Ombudsman has ruled the PPF must reconsider the 2011/2012 levy bill for Ibstock Pension Scheme, after an error in the scheme's deficit reduction certificate led to an additional £140,000 charge.

As schemes prepare to submit their DRC and contingent assets documentation for the 2013/2014 year, Tony King's ruling could not be timelier. The case raises interesting questions about the way i...

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