How the government’s Pension Protection Fund works

The Pension Protection Fund deals with defined-benefit schemes when an employer goes bust.

Thousands of Thomas Cook employees facing an uncertain future can take comfort in the knowledge that their pension savings are largely protected. The Pensions Protection Fund (PPF), the government-backed lifeboat fund, exists to ensure members of a defined benefit pension scheme do not suffer financial hardship if the scheme’s sponsoring employer goes bust and there aren’t enough assets in...
source: Money Week

2019-10-09 14:35
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