Since opening its doors in April 2005, the Pension Protection Fund has taken on many schemes under its wing. It is currently paying out compensation to thousands of British people whose employer has gone bust.This page gives you the latest information on the schemes as they transfer into the PPF every month.
October 2008 Update
The following schemes transferred to the PPF in October 2008: | | | Total number of schemes transferred = 66
Total number of members transferred = •20,262
Total compensation paid to date = £38,314,062
Average yearly payment per person = £4,700
Schemes that have completed assessment outside PPF = 30
‘We are achieving what we clearly set out to do three years ago. The figures show how the PPF is providing stability and security for its members.’
(Partha Dasgupta, Chief Executive) |
