The long wait for MG Rover pensions

The PPF says it received a section 120 notice from the car manufacturer's administrators on Monday 11 April. It then has 28 days to validate the notice, to determine if the pension scheme enters its assessment period. Paul Reynolds, a spokesperson for the PPF, says within the assessment period, the Fund will determine whether a scheme is eligible for entry. The assessment period configures with legislation and stretches a minimum one-year period, depending on the complexity of the scheme. During this time, the PPF looks to answer two primary questions says Reynolds, namely if it is p...