What are the important points for Pension Protection Fund?

by Vidit Agarwal Marketing Director

The PPF (Pension Protection Fund) was established on 6 April 2005 under the Pension Act 2004 and is independent from the UK Government to protect employees who had defined benefits in a workplace pension scheme. The PPF is a scheme set up by the Government-sponsored lifeboat to protect the define benefits of members. The scheme of pension can apply if meet the PPF rules of PPF compensation. If a pension scheme applies for the PPF compensation, this time frame is known as the 'assessment period'.

It may be you have one or more than one types of pension, but it’s important for you to understand which will be better to make as you approach at the time of retirement. There are different types of pension for example:

The State Pension
Defined contribution pensions.
Defined benefit pensions

Contact for PPF (Pension Protection Fund):

PPF member can call on the number for receiving compensation on 0330 123 2222, 0345 600 2541 or you can e-mail at: ppfmembers@ppf.gsi.gov.uk , levyinvoice@ppf.gsi.gov.uk .

You can explore these write ups for more information - whose final salary schemes have collapsed - and how it works.