DWP consults on plans to remove PPF bridging pension 'anomaly'

James Phillips
clock • 2 min read

The Department for Work and Pensions (DWP) is consulting to resolve an "anomaly" where recipients of bridging pensions who enter the Pension Protection Fund (PPF) receive a higher rate of compensation for the rest of their life.

Bridging pensions allow early retirees to receive a higher pay-out from their defined benefit (DB) scheme until they reach state pension age or the normal retirement date set out in the scheme rule...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

List: The DC and DB benefits being targeted for IHT purposes from 2027

List: The DC and DB benefits being targeted for IHT purposes from 2027

Treasury docs reveal the extent of plans to include pension death benefits in IHT regime

Professional Pensions
clock 30 October 2024 • 1 min read
PPF publishes s143 valuation assumptions consultation response

PPF publishes s143 valuation assumptions consultation response

PPF confirms ‘marginally overfunded’ schemes will be able to use discount rate for s143 valuations

Martin Richmond
clock 29 October 2024 • 2 min read
Work and Pensions Committee membership appointed

Work and Pensions Committee membership appointed

Seven Labour, two Lib Dems and one Tory to serve on WPC with one vacancy left to fill

Jonathan Stapleton
clock 29 October 2024 • 1 min read
Trustpilot