A detailed summary of how Dun and Bradstreet's failure score is calculated has been added to the Pension Protection Fund's (PPF) website.
The failure score of a company, as calculated by Dun and Bradstreet, is particularly important in calculating the risk-based element of the levy. The PPF is proposing to use the failure scores of participating employers to calculate the insolvency risk of a pension scheme, which then determines the levy imposed. A list of 25 questions and answers can be found in the new area of the website which include an explanation of the factors Dun and Bradstreet use to calculate a failure score along with how to contact the company and if necessary how to challenge a failure score. This informat...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes