17 December 2008
The Pension Protection Fund (PPF) took on another company
pension scheme last month, resulting in a further 402 people around
the UK now receiving compensation - or will do so in the future.
The pension scheme in question was the Bonas Group Pension
Scheme.
To date:
- 67 schemes are now in the PPF
- 20,645 people are receiving or will receive compensation in
the future
- The PPF paid out more than £4.8 million in compensation
between 2 November and 1 December
- The average yearly compensation is £4,700 per person
- The oldest recipient is 103, and the youngest is six years
old
- The PPF now has a total of 273 schemes in its assessment
period and a total of 121,300 members.
