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Thus, MRT increases in absolute size as one moves from the top left of the PPF to the bottom right of the PPF.
The PPF reported reserves of £1.06bn in 2012.
So do firms that pay into the PPF.
Even more troubling, they say, is the PPF.
Only if the PPF itself failed would taxpayers probably have to pick up the tab.
The BHS pension scheme is currently in an assessment period with the PPF.
The importance of the PPF reaching a deal with Green was laid bare on Thursday.
The PPF is financially healthy, having built up a large surplus in recent years.
The PPF has responsibility for the BHS pension scheme and is therefore the biggest creditor.
The PPF is currently assessing BHS's fund, and that process could take up to two years.
The changes introduced in April 2015 do not apply to the PPF.
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