Hogan Lovells

Key Dates

Guidance issued on 13 June 2018.


Summary

The Pension Protection Fund (PPF) has issued new guidance on company voluntary arrangements (CVAs).  It comments that it has seen a marked increase in the use of CVAs, with the majority aimed exclusively at addressing issues with the employer's property portfolio and intended to leave other creditors, including pension scheme trustees, untouched.  The PPF is concerned, however, that issues facing the employer are often not addressed and the employer goes on to fail.

The guidance sets out the approach employers and their advisors should take when presenting a CVA proposal to the PPF.  Points to note include the following.



Date Accessed: 03/12/2021