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.
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.