Blog

The following article appeared in the Daily Telegraph last week and referred to the Pension Protection Fund raising its levy in order to assess and potentially protect private final salary schemes which are in financial trouble. An increase in levy could contribute to more final salary schemes going into deficit.  This may then lead to schemes seeking bail out from the pension protection fund which at the same time, they are funding. Record low interest rates, falling gilt yields and the Bank of England’s money printing programme have left UK companies facing a new £80m bill. The Pension Protection Fund… continue reading