Pension Protection Fund
I have a client who has a final salary pension with the pension protection fund and has asked if this will affect his annual allowance (whether he will have accrual from this). My understanding is that even deferred FS pensions have a level of pension input due to the deferred revaluation. However I can't seem to get a definitive answer RE the PPF. It looks like the PPF will revalue benefits in line with statutory legislation rather than the scheme rules. I would assume this leads to some form of pension input but I cannot find confirmation of this. It also seems like it would be difficult to get this information from the PPF.
Anyone had a similar issue or know the answer to my question?