07 June 2007
The Pension Protection Fund (PPF) is targeting members of
occupational pension schemes in an effort to raise awareness of how
the PPF compensation scheme works.
The PPF are launching a leaflet - 'Help! My employer has gone
bust'. The leaflet explains how their compensation scheme
works.
This leaflet will be made available to scheme members through a
variety of routes, such as the scheme trustees, the PPF website and
through links with other relevant organisations, including the
Citizen's Advice Bureau.
The PPF was established in April 2005 to pay compensation to
those members of final salary type schemes whose employer went bust
on or after 6 April 2005 and where the scheme had insufficient
funds to provide the minimum PPF benefits with a pension
provider.
