PPF

The Trades Union Congress (TUC) is threatening widespread industrial action over government plans to change current pensions policy in the public sector, including raising the retirement age from 60 to 65.

The Board of the Pension Protection Fund (PPF) has released a 'Statement of Investment Principles' to outline its policies regarding investment of the first year's levy.

THE LIBERAL DEMOCRATS is attempting to overturn the new Sipps pensions tax break for the rich which is expected to cost the Government £2bn a year within four years, says this morning's Times newspaper.

Pensions experts have warned against the possible pitfalls arising from the creation of the Pensions Protection Fund (Ppf).

The Pension Protection Fund (PPF) has cautioned it will not pay out any pensions for at least one year if MG Rover becomes eligible for the fund, with some industry players estimating a £50m payout figure at this early stage.

A pension specialist has sounded an urgent call for clarity on new Pensions Protection Fund (PPF) regulations, as new rules are just six weeks away.

Pensions minister Malcolm Wicks has confirmed eligibility details of the Financial Assistance Scheme, added to last week's Pre-Budget announcements.

Five non-executive directors have been appointed to the board of the Pension Protection Fund by the secretary of State for Work and Pensions, Alan Johnson.

The Governments decision to extend coverage of its Financial Assistance Scheme has been taken to the House of Lords and the House of Commons this week for a third reading.

The Government has been accused of "levying a stealth tax" on the pensions industry after now deciding to make the Pension Protection Fund retrospective, says the Daily Telegraph .