GLOSSARY

Pension Protection Fund definition

What does Pension Protection Fund mean?

The Pension Protection Fund (PPF) is a discontinuance fund which takes assets from the underfunded schemes of insolvent employers and provides a reduced level of benefits.

It imposes a levy on solvent funds and employers to pay for its deficits (around £750m pa) and because of increased buy-outs by solvent schemes, the universe of such schemes able to pay levies is diminishing, while the call by such schemes is increasing; the long-term viability (or at least the benefits indicated) of the PPF is very much in doubt.


Discover our 191 Practice Notes on Pension Protection Fund

Dive into our 6 Precedents related to Pension Protection Fund

See the 5 Q&As about Pension Protection Fund

Read the latest 404 News articles on Pension Protection Fund

Speed up all aspects of your legal work with tools that help you to work faster and smarter. Win cases, close deals and grow your business–all whilst saving time and reducing risk.

  Case studies

"LexisNexis is great as I can find the answers I am looking for really quickly. I believe that nothing should be more than 6 clicks away - and the products from LexisNexis deliver on this standard"

Avensure


Access all documents on Pension Protection Fund

GET ACCESS NOW