14 January 2010
Two more pension schemes have entered The Pension Protection
Fund (PPF). The Champion Pension Scheme and Gilbraith Tankers
Limited Pension Scheme are 108th and 109th schemes to transfer
to the PPF.
To date the following statistics apply to the PPF:
- 109 schemes have entered the PPF
- 32,889 people are receiving or will receive compensation in the
future
- The PPF paid out around £10 million in compensation
between 1 December and 31 December 2009
- Since opening its doors in 2005, the PPF has paid out more than
£100 million in compensation
- The average yearly payment is around £4,000 per
person
- The oldest recipient is 104 years old and the youngest member
is seven years old
- The PPF now has a total of 363 schemes in the assessment period
and a total of 203, 077 members in the assessment period.
Details of the schemes that have transferred can be found
on the PPF website on the Transferred Schemes page.
