Pension Protection Fund: Difference between revisions
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imported>Doug Williamson m (Organisation check 6/5/13 - reworded and added additional information so it was not dependent on looking at another entry. See: http://www.pensionprotectionfund.org.uk/About-Us/Pages/About-Us.aspx) |
imported>Doug Williamson m (Forgot full stop first line) |
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(PPF). An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible defined benefit pension schemes, when an employer becomes insolvent | (PPF). An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible defined benefit pension schemes, when an employer becomes insolvent. | ||
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 14:08, 6 May 2013
(PPF). An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible defined benefit pension schemes, when an employer becomes insolvent.
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.
