13 October 2008
Four more pension schemes transferred to the Pension Protection
Fund (PPF) in September, resulting in a further 3,031 people around
the UK now receiving PPF compensation, or being eligible to receive
it in the future.
The following pension schemes transferred to the PPF in
September 2008:
Automotive Products Pension Scheme 1995 (Automotive products
Group Ltd)
Automotive Products Pension Scheme 1995 (AP Hydraulics Ltd)
Automotive Products Pension Scheme 1995 (APTEC Technologies
Ltd)
Moorland Poultry Pension Scheme
To date:
-61 schemes have now transferred to the PPF
-18,957 people are now receiving compensation, or will receive it
in the future
-The PPF paid out more than £2.7 million in compensation
between 2 September and 1 October
-The average yearly compensation is £4,700 per person
-The oldest recipient of compensation is 103, and the youngest is
six.
