26 January 2009
Following the recent economic turmoil, and the resultant strain
placed on the Pension Protection Fund (PPF), the NAPF has called on
the goverment to guarantee the PPF similar to guarantees given to
the banking industry.
The recommendation was made after the publication of the
National Association of Pensions Funds' (NAPF) latest survey
"Pension Provision and The Economic Crisis".
This survey also highlighted the continuing demise of the final
salary pension scheme. The survey suggested that 52% of final
salary schemes that are still currently open to new members
expected to close in the next few years. A full statement can be
found on the NAPF webpage here.
