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The PPF and FAS

Our barristers are frequently involved in cases concerning admission to the PPF, schemes in an assessment period, transferred schemes and the Financial Assistance Scheme. We act for trustees, members, employers and the PPF.

Recent work includes advising on the determination of members’ normal pension age for the purposes of PPF compensation under the 2004 Act and on the admissible rules for PPF purposes where past scheme amendments are of doubtful validity.

Notable Cases Include:

Independent Trustee Services Ltd v Hope [2009] PLR 379 – A test case as to whether trustees owe any duties to the Pension Protection Fund prior to a scheme entering into an assessment period and to what extent they should take its interests into account when exercising their discretionary powers.