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Pension Protection Fund: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "The fund which protects UK Pension schemes in the event of their insolvency. Of particular interest where a UK Pension Fund is party to an {{isdama}}, because the PPF has wide...") |
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{{box|A solution was proposed from within the industry suggesting the inclusion of standard wording in agreements between the trustees and counterparties, without involvement of the PPF at that stage, and a consultation with stakeholders was commenced in March 2009. Following discussions with stakeholders, the following wording is proposed: | {{box|A solution was proposed from within the industry suggesting the inclusion of standard wording in agreements between the trustees and counterparties, without involvement of the PPF at that stage, and a consultation with stakeholders was commenced in March 2009. Following discussions with stakeholders, the following wording is proposed: | ||
{{ | :{{ISDA Master Agreement 1992 PPF Event}} | ||
We would strongly encourage trustees and managers to adopt this wording in [[ISDA]] contracts which they enter into or which are entered into on their behalf by their fund managers.}} | We would strongly encourage trustees and managers to adopt this wording in [[ISDA]] contracts which they enter into or which are entered into on their behalf by their fund managers.}} | ||