Protecting the PPF – draft code on notifiable events


On 10 December 2004, the second code of practice under the Pensions Act 2004 was published in draft for consultation. The consultation period ends on 4 March 2005, with the code expected to take effect by May 2005. The consultation paper sets out a framework for notifying the Pensions Regulator (TPR) of certain events in schemes which are potentially eligible for compensation from the Pension Protection Fund (PPF). The parties on the hook to notify such events “as soon as reasonably practicable” are trustees and employers of such schemes.

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