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PPF issues scheme information guidance
THE Pension Protection Fund has issued important guidance about the information that eligible schemes need to provide to ensure their levies can be calculated correctly.
The latest version of Exchange - the online service which makes it easier for schemes to provide the most up-to-date records to The Pensions Regulator - was launched last month.
Schemes will now be able to submit all voluntary certificates for contingent assets, deficit reduction contributions and block transfers online for the first time.
This means that there is now a single place for schemes to provide all the data needed by both the regulator and the PPF.
The PPF guidance sets out the things that schemes need to remember when submitting data - as well as all the important deadlines they need to meet to ensure that their levies are calculated using the most accurate and up-to-date information.
The guidance has been sent out to schemes and their advisors - but is also available on the PPF website.
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