PPF changes fail to protect employees of foreign firms

clock

Regulatory amendments drawn up to protect the benefits of UK workers whose overseas employers go bust have been drawn too narrowly to help in future cases, lawyers warn.

The amendments, which come into force on 21 July, have been introduced after the Olympic Airlines UK scheme was deemed ineligible for Pension Protection Fund (PPF) entry. An appeal court judge r...

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

More on Employee Benefits

How we won the WSB Awards 2024... Standard Life

How we won the WSB Awards 2024... Standard Life

Judges praised Standard Life for how it has empowered employers and engaged members

Workplace Savings & Benefits
clock 19 November 2024 • 2 min read
How we won the WSB Awards 2024... Fidelity International

How we won the WSB Awards 2024... Fidelity International

Judges praised Fidelity for its commitment to supporting clients and scheme members

Workplace Savings & Benefits
clock 18 November 2024 • 3 min read
WSB Awards 2024 - Winners' Supplement

WSB Awards 2024 - Winners' Supplement

Find out how some of the winners of the Workplace Savings & Benefits Awards 2024 won their accolades in our special supplement celebrating their successes.

WSB
clock 11 November 2024 • 1 min read
Trustpilot