Pension Protection Fund

(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.

See also

• Financial Assistance Scheme
• Fraud Compensation Fund
• Moral hazard
• Pension Benefit Guaranty Corporation
• Pension Protection Fund Ombudsman
• Pensions Compensation Board
• Pensions Regulator