UK Pensions - Time to take action on PPF contingent assets

Trustees and employers of defined benefit (DB) pension schemes need to take action if they are thinking of putting in place a contingent asset with a view to reducing their 2019/20 PPF levy, or if they have already put in place a contingent asset which had the effect of reducing the PPF levy in a previous year and wish it to continue to do so for the 2019/20 levy year.