The Pension Protection Fund (PPF) has launched a tender to appoint a specialist panel to provide transaction advice to schemes in PPF assessment that are overfunded on a PPF basis (PPF+).

Four specialist firms will make up the ‘PPF+ Advisory Panel’ and will provide core services to PPF+ schemes.

These services include transaction adviser, scheme actuary and investment support.

The panel will be appointed in February 2022 and the successful companies will enter initial two-year agreements with the option for two further 12-month extensions.

Commenting on the announcement, PPF relationships manager, Dan Collins, said: “As we continue to see more PPF+ schemes enter our assessment period, we hope this specialist panel will provide consistency and efficiency to the process.

“Our aim is for these schemes to exit the PPF assessment period as seamlessly as possible and ensure they secure the best possible outcome for members outside the PPF.”

The deadline for applications is 29 October 2021 and potential applicants will need to register their interest online at https://ppfbravosolution.co.uk..

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