View more on these topics

Number of schemes in PPF increases yet again

The Pension Protection Fund has taken on five more schemes over the past month resulting in a further 1,313 people in the UK having to receive pension compensation.

The PPF says that to date there are now 66 schemes in the organization and a total of 20,262 people are now receiving or will receive compensation in the future.

Between October 2 and November 1, the PPF paid out more than £3.2m in compensation. The organisation has a total of 265 schemes in its assessment period and a total of 120,722 members. The average yearly compensation for each person is £4,700.

Recommended

£779m owed in CCJs

Money currently owed to creditors in County Court Judgments across the UK stands at £779m for the third quarter of 2008 – with more people less willing to meet their financial responsibilities.

Picking the prospects

Do you agree with the opinions voiced by Peter Hargreaves and Kerry Nelson that structured products should not be sold by IFAs?

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment