PPF – Ten More Schemes Transferred

A Pension Protection Fund (PPF) announcement has confirmed that ten more schemes have been transferred to the PPF. These schemes covered 937 members.

There schemes in question were: AEW Delford Final Salary Pensions Plan (AEW Delford Group Ltd); AEW Delford Final Salary Pension Plan (Vac Realisations Ltd); AEW Delford Final Salary Pension Plan (DSL Realisations Ltd); The Burall Group Pension Plan (Burall Brothers); The Burall Group Pension Plan (Burall Floraprint); The Burall Group Pension Plan (Burall Myles); The Burall Group Pension Plan (Burall Plastec); Essex Careers & Business Partnership Ltd Pension Scheme; GSS Group Limited Pension Fund and Life Assurance Scheme; and the Holden & Brooke Ltd Pension Scheme.

The PPF also issued the following updated figures for the scheme:

• 160 schemes have now entered the PPF.
• 47,266 people are now receiving or will receive compensation in the future.
• To the end of 30 June 2010 the PPF has paid out more than £170 million in compensation.
• The average yearly payment is about £4,000 per person.
• The oldest recipient is 110 years old and the youngest is five years old.
• The PPF has a further 372 schemes in an assessment period