Pension Protection Fund: Difference between revisions
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(PPF). An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible | (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. | ||
Revision as of 14:13, 6 May 2013
(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 Pension Protection Fund is also responsible for the Fraud Compensation Fund.
