UK - Three more schemes entered the Pension Protection Fund during last month, resulting in a further 745 people around the UK receiving compensation either now or in the future, the PPF reveals.
To date, 71 schemes have transferred to the PPF and 21,478 people are receiving or will receive compensation in the future.
The PPF said it paid out £4.2m in compensation between 5 January 2009 and 2 February 2009, with an average yearly compensation of £4,700 per person.
The PPF now has a total of 291 schemes in the assessment period and a total of 122,622 members.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.