PPF Assessment
The Pension Protection Fund (PPF) first came into existence in 2006 and provides a lifeboat for members of defined benefit (DB) pension schemes whose sponsoring employer has become insolvent and a scheme cannot afford to pay its members.
Quantum Advisory is part of the PPF Specialist Administration Actuarial Services Panel (SAASP)
The SAASP plays a key role in processing schemes through the PPF assessment period. It allows the PPF to determine with accuracy if a scheme has sufficient assets to buy out benefits with an insurer or if it will need to transfer into the Fund.
How can Quantum help?
We work closely with industry peers to provide specialist administration and actuarial services (including s143 valuations) to pension schemes undergoing assessment following employer insolvency. Employer insolvency can be a worrying time for scheme members, and our personal approach when dealing with members is welcomed and appreciated.
Small to medium enterprises can be particularly vulnerable to this scenario.
If you believe your sponsoring employer is facing financial difficulty, please get in touch.
Further reading
