The Pension Protection Fund has today published a refreshed version of its guidance for restructuring and insolvency professionals.

The lifeboat fund teams up with The Pensions Regulator to ensure employers do not ‘dump’ schemes in the PPF, and that any scheme that does so is the subject of an actual or inevitable insolvency.

According to the PPF, the refreshed version of the guide sets out criteria that should be incorporated in any proposals made in respect of an insolvent employer. Additionally, it also aims to provide information on the roles and responsibilities of insolvency practitioners throughout the PPF assessment process.

Commenting on the publication. PPF head of restructuring and insolvency Malcom Weir said: “Our aim is to ensure that the right amount is paid to the right person at the right time. Progressing the assessment process as efficiently as possible is vital, and insolvency practitioners play a very important role in this.

“This guide provides IPs with the key principles to follow. We will be issuing further guidance on specific areas of interest during the course of 2016. We would appreciate any feedback on the guidance and encourage open and honest communication.”

The General Guidance for Restructuring & Insolvency Professionals can be found here.

Share Story: