Failed Farepak scheme enters PPF

Jenna Towler
clock •

The Pension Protection Fund has admitted 17 more pension schemes, including one belonging to failed Christmas hamper firm Farepak.

The Christmas savings outfit collapsed in November 2006 costing many families hundreds of pounds. Its failure pushed the Farepak Limited Pensions and Life Assurance Scheme (Farepak Mail Order Secti...

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

Jenna Towler
Author spotlight

Jenna Towler

View profile
More from Jenna Towler

Phoenix posts £4.8bn bulk purchase annuity results

Prudential sells £12bn annuity book to Rothesay Life

More on Defined Benefit

DB schemes continue to show 'significant surplus', PwC finds
Defined Benefit

DB schemes continue to show 'significant surplus', PwC finds

The organisation said schemes reached a new funding record in October

Holly Roach
Holly Roach
clock 07 November 2024 • 3 min read
DB endgame strategies must have capacity for flexibility, says Hymans
Defined Benefit

DB endgame strategies must have capacity for flexibility, says Hymans

Consultancy outlines changes of scenarios which could alter endgame planning

Martin Richmond
Martin Richmond
clock 06 November 2024 • 2 min read
Scheme funding levels improved in October, Broadstone finds
Defined Benefit

Scheme funding levels improved in October, Broadstone finds

Broadstone Sirius Index finds rise in interest rates improved half-hedged scheme surplus to 101.8%

Jasmine Urquhart
Jasmine Urquhart
clock 06 November 2024 • 1 min read
Trustpilot