£228k bill for unwanted PPF cover

Jenna Towler
clock

A small group of Television South West pensioners has been hit with a £228,000 bill for just 37 days' unwanted Pension Protection Fund cover, Osborne Clarke claims.

The law firm said the charge meant the TSW scheme - a small 141 member pension fund - has to pay the PPF the equivalent of £6100 per day of membership, or about £1800 each. Members of the closek...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Aon's 2025 DB Endgame Survey insights

Partner Insight: Aon's 2025 DB Endgame Survey insights

The UK defined benefit (DB) pensions market has seen a huge amount of change in the last 12 months, shaped by a confluence of regulatory and market developments

AON
clock 07 August 2025 • 1 min read
Partner Insight: Aon UK Risk Settlement Bulletin - Q3 2025

Partner Insight: Aon UK Risk Settlement Bulletin - Q3 2025

Latest edition of the Aon UK Risk Settlement Bulletin is now available.

Aon
clock 06 August 2025 • 1 min read
More can be done to improve risk transfer process efficiency, says SPP

More can be done to improve risk transfer process efficiency, says SPP

Society warns bulk annuity market growth has exacerbated the strain on schemes’ administrative capabilities

Martin Richmond
clock 28 July 2025 • 4 min read
Trustpilot