PPFO — Pension Protection Fund Ombudsman (PPFO) Created by the Pensions Act 2004, the Pension Protection Fund Ombudsman (PPFO) is empowered to: • Investigate complaints about maladministration by the Pension Protection Fund (PPF). • Consider… … Law dictionary
Pension Protection Fund Ombudsman levy — (PPFO levy) One of the levies that the Pension Protection Fund (PPF) may raise from defined benefit schemes that may be eligible to receive compensation if they meet certain entry conditions. Section 209 of the Pensions Act 2004 permits the PPF… … Law dictionary
risk-based levy — The most significant of the levies that the Pension Protection Fund (PPF) may raise to fund its operations. The risk based levy forms part of the pension protection levy. It is calculated according to the PPF s assessment of two factors: • The… … Law dictionary
scheme-based levy — One of the levies that the Pension Protection Fund (PPF) may raise in order to fund its operations. The scheme based levy is one element of the pension protection levy. It reflects the number of members in an eligible defined benefit scheme and… … Law dictionary
administration levy — One of the levies that the Pension Protection Fund (PPF) may raise from defined benefit schemes that may be eligible for compensation if they meet the entry conditions. Section 117 of the Pensions Act 2004 gives the PPF power to raise the… … Law dictionary
Pension Protection Fund Ombudsman — (PPFO) Created by the Pensions Act 2004, the Pension Protection Fund Ombudsman (PPFO) is empowered to: • Investigate complaints about maladministration by the Pension Protection Fund (PPF). • Consider applications fro … Law dictionary
Pension Protection Fund — (PPF) A statutory fund, established with effect from 6 April 2005 by the Pensions Act 2004. The PPF pays compensation at a prescribed level to members of defined benefit schemes that are eligible for entry. A scheme may be eligible if its… … Law dictionary
PPF — Pension Protection Fund (PPF) A statutory fund, established with effect from 6 April 2005 by the Pensions Act 2004. The PPF pays compensation at a prescribed level to members of defined benefit schemes that are eligible for entry. A scheme may be … Law dictionary
