This notification should be completed by insolvency practitioners, their authorised employees or agents, to give us details of an insolvency where required under section 120 of the Pensions Act 2004. You need to log in or register for our online service to submit your s120 notice.
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In all cases, the early retirement factor is applied to the compensation before the compensation cap is applied. Simply follow the links to the tables of early retirement factors detailed below:
The Pension Protection Fund (Compensation) Regulations 2005 permit the postponement of compensation and any separate lump sum in specified circumstances up to age 75. Pension compensation calculation The amount of pension compensation, payable late, is calculated according to the table in the link below:
The circumstances in which early payment is possible are set out in Regulation 2 of the Pension Protection Fund (Compensation) Regulations 2005. Pension compensation calculation The amount of pension compensation payable early is calculated according to the table in the link below. This applies to all compensation determinations for early retirement with an effective date on or after 1 October 2022.
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