Exclusive: PPF cap to be changed for long-serving workers

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The Department for Work and Pensions (DWP) is set to announce changes to the cap on benefits paid out by the Pension Protection Fund (PPF), PP has learned.

The changes, expected to be announced to Parliament as early as tomorrow, will protect the benefits of long-serving employees who have built up a pension in excess of £35,000 a year. If a scheme...

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