UK - Over 12,000 people in 41 schemes have been rescued by the Pension Protection Fund (PPF) since its creation in 2005.
Partha Dasgupta, chief executive, PPF, said: "We believe this announcement clearly demonstrates that we are doing what we were set up to do in April 2005."
Dasgupta continued: "As we mark our third year of operations, we are not only providing compensation to an increasing number of people - but we are also sending out a message to the 12 million people still in final salary schemes that they can be confident of our protection now and in the future."
Some 59 schemes have completed the PPF assessment. Of these, 12 were rescued by another company or new employer with a further six being able to pay more than the PPF compensation so opting for a pension fund buyout.
A further 225 schemes representing over 118,000 members are undergoing the assessment process at present.
Around a third of members now covered by the PPF are actually receiving compensation payments.
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