Please see excerpts below from our latest Sixty Second Summary. To download the complete summary please click here.

The PPF has published a consultation on changes to the insolvency risk scoring methodology and the move from Experian to Dun & Bradstreet (D&B) for insolvency risk services. It is proposed that D&B scores will be used from April 2020 to March 2021 for the 2021/22 levy year. The consultation is expected to be finalised before April 2020, when the new scores commence. 

Insolvency risk services from D&B

The PPF has proposed that the same scorecard methodology and key variables, subject to some minor changes, will be used to determine Pension Protection Scores. The PPF has also launched a new online portal, which has a new look and feel, so stakeholders can access indicative D&B scores in the lead up to April. Users who are currently registered for the Experian portal will receive an automated email invitation to access the new D&B portal.

Updating the PPF insolvency risk model for D&B data

D&B’s model produces the same outputs when the same data is input, but there are a number of differences between Experian and D&B’s data, relating to differences in the approaches to data collection, data matching and data on corporate linkages.

Impact assessment

It is important to note that there are substantial gaps in D&B’s data which will need to be filled in, but the PPF has provided some analysis on the possible impact.

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