Pension Protection Fund: Difference between revisions
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imported>Doug Williamson (Expand definition - source - PPF webpage - https://www.gov.uk/government/organisations/pension-protection-fund) |
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(PPF). An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible pension schemes, when there are not enough assets in the pension scheme to cover the PPF level of compensation. | ''Pensions - UK''. | ||
(PPF). | |||
An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible pension schemes, when there are not enough assets in the pension scheme to cover the PPF level of compensation. | |||
This is similar to the Pension Benefit Guaranty Corporation (PBGC) in the US. | This is similar to the Pension Benefit Guaranty Corporation (PBGC) in the US. | ||
The Pension Protection Fund is also responsible for the Fraud Compensation Fund. | |||
The UK Pension Protection Fund is a public corporation of the Department for Work and Pensions. | |||
The UK Pension Protection Fund is also responsible for the Fraud Compensation Fund. | |||
== See also == | == See also == | ||
* [[Department for Work and Pensions]] | |||
* [[Financial Assistance Scheme]] | * [[Financial Assistance Scheme]] | ||
* [[Fraud Compensation Fund]] | * [[Fraud Compensation Fund]] | ||
*[[Fund]] | |||
* [[Moral hazard]] | * [[Moral hazard]] | ||
* [[Pension Benefit Guaranty Corporation]] | * [[Pension Benefit Guaranty Corporation]] | ||
* [[Pension Protection Fund Ombudsman]] | * [[Pension Protection Fund Ombudsman]] | ||
* [[Pensions Regulator]] | * [[Pensions Regulator]] | ||
* [[Public corporation]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 20:07, 26 December 2022
Pensions - UK.
(PPF).
An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible pension schemes, when there are not enough assets in the pension scheme to cover the PPF level of compensation.
This is similar to the Pension Benefit Guaranty Corporation (PBGC) in the US.
The UK Pension Protection Fund is a public corporation of the Department for Work and Pensions.
The UK Pension Protection Fund is also responsible for the Fraud Compensation Fund.
