The Pension Protection Fund (PPF) has today published its response to the Department for Work and Pensions’ (DWP) call for evidence on Options for Defined Benefit (DB) Schemes.
We've published our climate change report for the third year in a row, disclosing our climate-related risks and opportunities and highlighting key areas of progress.
In 2018, the Court of Justice of the European Union (CJEU or ECJ) ruled that individual members of pension schemes should receive at least 50 per cent of the value of their accrued pension benefits in the event of employer insolvency. In May 2020 the Administrative Court heard a challenge brought against us by a number of members to the way we�re implementing the ECJ�s Hampshire ruling, and to the lawfulness of the PPF compensation cap.�
In 2018, the Court of Justice of the European Union (ECJ or CJEU) ruled in the Hampshire case that individual members of pension schemes should receive at least 50 per cent of the value of their accrued pension benefits in the event of employer insolvency. In May 2020 the Administrative Court heard a challenge brought against us by a number of members to the way we�re implementing the ECJ�s Hampshire ruling, and to the lawfulness of the PPF compensation cap.�
In 2018, the European Court of Justice�ruled that individual members should receive at least 50 per cent of the value of their accrued old age pension if the employer�responsible for funding�the scheme they�ve paid into fails. The vast majority of PPF and Financial Assistance Scheme (FAS) members already receive compensation in excess of 50 per cent of their accrued old age benefits. This means the number of members affected by this ruling is very small.
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