What the Ibstock ruling means for schemes

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

clock

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

Pension administrator capacity biggest obstacle to buyout, LCP finds

Pension administrator capacity biggest obstacle to buyout, LCP finds

LCP says schemes at risk of being caught in ‘bottlenecks’ due to lack of administrator bandwidth

Martin Richmond
clock 18 December 2024 • 2 min read
Aptia partners with HSBC on pension payments

Aptia partners with HSBC on pension payments

Partnership will see firm adopt bank’s payment pre-validation API to reduce risk of errors or fraud

Martin Richmond
clock 16 December 2024 • 1 min read
Majority of asset managers using AI to support investment research

Majority of asset managers using AI to support investment research

XPS analysis finds four-fifths using a form of AI to improve their internal business efficiency

Martin Richmond
clock 12 December 2024 • 3 min read
Trustpilot