Amendments
Contingent Asset - Type A
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the guarantor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2013/14 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
A change to the amount certified
If you are re-certifying a Type A contingent asset that has been recognised in an earlier levy year and you want to certify for a lower amount than the face value (see partial certification within the Contingent Asset Guidance), you should do this via the ‘A change to the maximum liability’ option of the amendment section even where the underlying agreement remains unchanged.
A change to Guarantor(s)
Please note that this does not include a change of company name only (where the Guarantor remains the same).
Contingent Asset - Type B(i)
Please note that, where a contingent asset has been amended since it was first certified to the Board of the PPF, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the PPF website, including the contingent asset guidance and the 2014/15 determination under s175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
Contingent Asset - Type B(ii) England and Wales
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2014/15 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
Contingent Asset - Type B(ii) Scotland
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2014/15 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
Contingent Asset - Type B(ii) Northern Ireland
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2014/15 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
Contingent Asset - Type B(iii)
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2014/15 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
Contingent Asset - Type C(i)
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2014/15 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.
Contingent Asset - Type C(ii)
Please note that, where a contingent asset has been amended since it was first certified to the Board of the Pension Protection Fund, and especially where the total liability of the chargor(s) has been reduced, this may affect the eligibility of the contingent asset for inclusion in the calculation of the risk-based levy for 2013/14, 2014/15 and future years. Please see the documentation on the Pension Protection Fund website, including the contingent asset guidance and the 2014/15 determination under s.175(5) of the Pensions Act 2004, for further details. The Board may seek further information from the trustees/managers relating to the changes to enable it to determine whether the requirements of the determination have been met.
A change to the list of entities
Please note the guidance on amendment and replacement criteria in the PPF Guidance on contingent assets.