PPF AssessmentServices for Trustees
The Pension Protection Fund (PPF) was established in 2004 to provide pension benefits to members of defined benefit pension schemes whose sponsoring employers have become insolvent and where the scheme cannot afford to pay its members the promised level of benefits.
At Spence, we are one of four firms on the Specialist Administration and Actuarial Services Panel, who assist pension schemes during the Assessment Period for entry to the PPF.
We also assist schemes with contingency planning prior to an Assessment Period commencing.
Please get in touch if you think your sponsoring employer is facing financial difficulty or if your scheme may be about to enter an Assessment Period.
Spence has worked on in excess of 150 projects resulting in full scheme buy-outs, PPF plus buy-outs and transfers to the PPF and the Financial Assistance Scheme.
Other services for trustees
We use technology to make people's lives easier and to help our expert administrators deliver great service.
Governance is at the heart of efficient scheme management and informed decision making.
Using cutting-edge technology, we deliver a new level of cost and risk-reducing efficiencies to all schemes, no matter their size.
We can help develop a journey plan to guide your scheme to this ultimate end-point in the most efficient manner.