Pension protection fund

 

The Pension Protection Fund (PPF) was set up by the government to provide support for members of pension schemes whose sponsoring company suffers insolvency. The PPF is funded by a levy on pension schemes such as the Telefónica UK Pension Plan. In the event of a company becoming insolvent, the PPF steps in to settle a core level of the benefits that the orphaned pension fund promised.

 

For more information, click on the PPF website.

 

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