The Pension Protection Fund (PPF) has paid out £1 billion in member compensation over the past financial year, as reported in its 2020/21 Annual Report and Accounts published today.
It’s not always the case that when a pension scheme’s sponsoring employer fails, and the scheme enters PPF assessment, it ends up transferring into the PPF. If the scheme has enough assets to buy higher benefits for its members than we would pay, it’ll buy out benefits outside of the PPF.
The Pension Protection Fund (PPF) has today launched a tender for a new specialist panel which will provide transaction advice to schemes in PPF assessment which are overfunded on a PPF basis (PPF+).
The PPF's strong funding position means levy rules remain stable for the 2022/23 levy year
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