Pension Protection Fund to set up new panel to assist pension schemes

The Pension Protection Fund (PPF) has announced that it is setting up a new panel to help pension schemes to complete the PPF assessment period.

It will be made up of firms that can supply specialist services to help the evaluation timeframe to be carried out quickly and efficiently as part of the Assess & Pay programme.

"We are seeking expressions of interest from providers of administration services with the skills and experience to join this panel," a statement from PPF commented.

Those interested are asked to get in touch with the organisation and fill in the questionnaire that is sent out to them by January 20th 2012.

Respondents are advised that they will need to supply valid contact details to prevent forms being sent to the wrong place over Christmas and that they will be required to deal with incumbent firms and the PPF should they be accepted.

The PPF was established to pay compensation to members of eligible defined benefit pension schemes when an insolvency event takes place and there are not enough assets to cover payouts.

Compare pensions and get more from your money