12 February 2009
The Pension Protection Fund (PPF) took on three more schemes
last month, resulting in a further 745 people around the UK now
receiving compensation - or will do so in the future.
Project Office Furniture plc Retirement Benefit Plan, Davies and
Newman Pensions Plan and Newton Derby Ltd Pension and Life
Assurance Scheme are the latest schemes to transfer to the PPF.
To date:
.71 schemes have transferred to the PPF
.21,478 people are receiving or will receive compensation in the
future
.The PPF paid out £4.2 million in compensation between 5
January 2009 and 2 February 2009
.The average yearly compensation is £4,700 per person
.The oldest recipient is 101, and the youngest is six years
old
.The PPF now has a total of 291 schemes in the assessment period
and a total of 122,622 members.
