17 February 2010
In January the following schemes entered the Pension Protection
Fund (PPF):
- The United Industries Group Pension Scheme (Bacup Plastics
Ltd)
- United Industries Group Pension Scheme (United Industries)
- Unifi Dyed Yarns Pension Scheme
- Botes Building Retirement and Death Benefit Scheme (Scheme
2).
To date:
- 113 schemes are now in the PPF
- 34,286 people are receiving or will receive compensation in the
future
- the PPF paid out around £3 million in compensation from 1
January and 31 January 2010
- since opening its doors in 2005, the PPF has paid out around
£119 million in compensation
- the average yearly payment is around £4,000 per
person
- the oldest recipient is 104 years and the youngest is seven
years old, and
- the PPF now has a total of 357 schemes and 203,473 members in
the assessment period.
