Priorities
Hi Quang
1. The order of priority did indeed change on 6 April 2005. This was driven in part by the introduction of the PPF at the same time. The priority order has remained unchanged since.
2. And like the introduction of the PPF, the priority order change is detailed in (Section 270 of) Pensions Act 2004
This is hard to read in isolation so you may be better looking at this.
http://www.pensionsadvisoryservice.org.uk/workplace-pension-schemes/final-salary-schemes/winding-up
Hope this helps
Best wishes
Stuart
Last edited by a moderator: Aug 31, 2012