PPF regulations released for consultation

The consultation period will run until 3 January as the DWP is aiming to lay legislation before Parliament early next year, ready to come into force in April 2006. Industry and stakeholders have been invited by the government to comment on the 10 regulations which relate to, amongst others, the technical aspects of the PPF levies, and the valuation of the PPF. Stephen Timms, Minister for Pensions Reform, says: “These regulations set out the fuller detail of a range of structural requirements to support the Pension Protection Fund. Our proposals will provide the necessary support for th...