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Pension Protection Fund services

Tue 17 Nov 2015

Equiniti provides a simple, bespoke solution for Pension Protection Fund services

Equiniti was appointed by an independent trustee to supply Pension Protection Fund (PPF) services when a pension scheme with 21,000 members entered the PPF assessment period.

A large number of issues were uncovered in respect of the past administration, ranging from incorrect benefit calculations to no split of pre and post ‘97 tranches held on payroll.

The scheme was assessed to have assets slightly in excess of PPF liabilities and so a buy-out with an insurer was transacted. At £800m this was the sixth largest transition of its kind in the UK.

Download the case study below