Forms for Insolvency Practitioners
Section 120 Insolvency Event Notice
This notice should be issued in accordance with section 120 of the Pensions Act 2004. This notice is to be used by an insolvency practitioner or official receiver to inform the necessary parties that a sponsoring employer of an occupational pension scheme has suffered an insolvency event as defined by Section 121 of thePensions Act 2004 and paragraph 5 of the Pension Protection Fund (Entry Rules) Regulations 2005.
Section 122 Pension Scheme Status Notice (Scheme Failure)
The purpose of this notice is to provide information on the status of the pension scheme (or section in the case of some multi-employer pension schemes) as set out in section 122 of the Pensions Act 2004 and Regulations 9 & 11 of the Pension Protection Fund (Entry Rules) Regulations 2005. (For further information on multi-employer pension schemes, see the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005.)
A short summary explaining why a pension scheme rescue is not possible should be provided on this form.
This notice will not become binding until the Board of the Pension Protection Fund determine whether to approve the notice and any time limits in relation to a review of the Board’s determination have expired and any reviews resolved.
Section 122 - Pension Scheme Status Notice (Withdrawal Notice)
The purpose of this notice is to provide information on the status of the pension scheme (or section or segregated part in the case of some multi-employer pension schemes) as set out in section 122 of the Pensions Act 2004 and Regulations 9,11& 12 of the Pension Protection Fund (Entry Rules) Regulations 2005. (For further information on multi-employer pension schemes, see the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005.)
This notice will not become binding unless and until the Board of the Pension Protection Fund determines to approve the notice and any time limits in relation to a review of the Board's determination have expired and any reviews process is exhausted.
Section 122 (4) Pension Scheme Status Notice (Ceasing to Act)
The purpose of this notice is to provide information on the status of the pension scheme (or section in the case of some multi-employer pension schemes) as set out in section 122 of the Pensions Act 2004 and Regulation 9 of the Pension Protection Fund (Entry Rules) Regulations 2005. (For further information on multi-employer pension schemes, see the Pension Protection Fund (Multi-employer Schemes) (Modification) Regulations 2005.)
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