Can I appeal the D&B Failure score for the purposes of the Pension Protection Fund risk-based levy calculation because I believe adopting FRS17 has influenced my score?
No. The Board’s levy determination requires the Board to use the standard D&B failure score as at, subject only to a limited number of adjustments – not relating to FRS17 – set out in the determination. The Board has no discretion to depart from the determination when calculating the levies. Of course, you may appeal the score if you believe that other information, not relating to FRS17, which should normally have been taken into account by D&B’s scoring process as at the insolvency risk measurement date (30 March 2007 for 2007/08; 31 March 2008 for 2008/09 and 2009/10), was not in fact taken into account in calculating your failure score.
Related Questions
- Can I appeal the D&B Failure score for the purposes of the Pension Protection Fund risk-based levy calculation because I believe adopting FRS17 has influenced my score?
- Does D&B take account of parental guarantees in its Failure Score? Does the Pension Protection Fund take them into account in the risk-based levy calculation?
- How does the Pension Protection Fund use the D&B Failure Score for the insolvency risk calculation?
