CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Dalriada welcomes PPF’s guidance for Insolvency Practitioners
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Dalriada welcomes PPF’s guidance for Insolvency Practitioners PDF Print E-mail
Friday, 29 January 2016

A leading authority at Dalriada Trustees, one of the UK’s largest independent pension trustee firms, says that professional Insolvency Practitioners (IPs) have ‘nothing to fear’ from the Pension Protection Fund’s (PPF) updated General Guidance for Restructuring and Insolvency Practitioners.

But Richard Favier, Trustee Representative at Dalriada Trustees and a former Head of Insolvency and Restructuring at the PPF, says that dubious pre-pack administrations will be looked at especially closely: “IPs’ proposals to the PPF, including the associated fees, will need to demonstrate added value,” he says.

The guide sets out the criteria that IPs should incorporate in any proposal made to the PPF in respect of an insolvent employer. It highlights the PPF’s understanding of the roles and responsibilities of an IP, throughout the restructuring proposal assessment process, which include:-

• When and how the IP should involve the PPF;
• When the PPF will get involved in the restructuring of an insolvent business and the criteria for doing so; and
• What happens if the criteria are not met.

“If the criteria are not met, IPs run the serious risk that the PPF will simply disregard their proposals,” Richard adds. “Good IPs will not be affected, since they already comply; others, however, will have to up their game and ensure better practices are demonstrated.”

Dalriada believes that the new Guidance will help drive closer cooperation between the insolvent employers, IPs and the Trustees: “The Guidance also aims to discourage attempts to ‘dump’ pension schemes on the PPF,” Richard continues.

“Where a restructuring is proposed, IPs are reminded to engage early and work collaboratively with the PPF, experienced Trustees, and the Regulator.”
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards


Tuesday 3 October - Guoman Tower Hotel, Central London

Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.

To book your place to attend, please contact Alison Lucas.


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197