12 November 2008
The Pension Protection Fund (PPF) took five more pension schemes
in October, resulting in a further 1,313 people around the UK now
receiving compensation - or will do so in the future.
The pension schemes that transferred to the PPF last month
were:
- Holmes Group Retirement Benefits Scheme
- The McCowans Limited 1989 Pension Scheme
- North Eastern Farmers Limited Pension Plan
- Radix Employees Plan
- Tomkinsons Carpets Limited Pension Scheme
To date:
- 66 pension schemes are now in the PPF
- 20,262 people are receiving or will receive compensation in the
future
- The PPF paid out more than £3.2m in compensation between 2
October and 1 November
- 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 265 schemes in its assessment period
and a total of 120,722 members.
