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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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