WHAT IS THE PENSION PROTECTION FUND AND WHAT DOES IT DO?
WHAT IS THE PENSION PROTECTION FUND AND WHAT DOES IT DO?
[youtube https://www.youtube.com/watch?v=eVmhJpankZs?rel=0&w=480&h=320]
The Pension Protection Fund (PPF) protects millions of people throughout the UK who belong to defined benefit, eg final salary, pension schemes. If their employers go bust, and their pension scheme can’t afford to pay what they promised, the PPF will pay compensation for their lost pensions.
In this webcast, the PPF’s Director of Customer Experience, Sara Protheroe, explains what the PPF is, what it does and how its compensation works.
