The Pension Protection Fund (General and Miscellaneous Amendments) Regulations 2006 No. 580

PART 2 E+W+S Assumption of responsibility

Interest on overpayments and underpayments created during the assessment period E+W+S

5.  The prescribed rate of interest for the purposes of—

(a) section 163(4)(a) of the Act (adjustments to be made where the Board assumes responsibility for a scheme); and

(b) section 163(4)(b) of the Act,

shall be the base rate.