Pension Protection Fund contingent assets: Coronavirus update

The Pension Protection Fund (PPF) has today issued a helpful statement concerning the practicalities of certifying contingent assets in the current, highly-unusual, circumstances.

In particular:

  • All documents should now be submitted electronically, not in hard copy.
  • For PPF specific documents normally requiring signatures, non-wet ink confirmation (such as signatures produced by e-sign software) that the documents have been authorised will be accepted.  Advice should be taken where the documents are intended to have binding legal effect beyond the PPF -specific requirements.
  • The PPF cannot formally extend its deadlines for submitting documents but is aware that key individuals may be unwell or self-isolating.  It will therefore accept documents submitted after the deadlines where it is reasonable to do so in the circumstances. Any documents submitted late should be accompanied by an explanation for the delay.


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