Lifeboat fund gains buoyancy

Despite a record number of claims, the PPF is in surplus and should look to cut its levies

Jonathan Stapleton
clock

While many sponsors and trustees would rather not have to pay Pension Protection Fund levies - and sometimes grumble they are too high or have been calculated wrongly - there are few that would wish to abolish the body altogether.

Since it was set up in 2005, 172,018 people have been transferred to the PPF and the organisation has paid out total compensation of £793m. Thousands of people that would have lost their pension in...

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 Defined Benefit

Tender Watch: Utmost Life and Pensions appoints Atos

Tender Watch: Utmost Life and Pensions appoints Atos

Partnership means digital transformation firm will lead cloud transformation journey

Professional Pensions
clock 13 February 2025 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 11 February 2025 • 1 min read
Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

Combined IAS19 surplus of FTSE 100 companies rises to £70bn in January

LCP Pensions Explorer measured £5bn increase in FTSE 100 surplus since last month

Jasmine Urquhart
clock 07 February 2025 • 1 min read
Trustpilot