It is unlawful for the Pension Protection Fund (PPF) to provide compensation equivalent to less than half a member's accrued benefits, an advocate general of the European Court of Justice (ECJ) says.
Under current PPF rules, non-pensioner members are entitled to 90% of their accrued rights, up to a cap of around £39,000. Alongside this, any improvements from indexation before 1997 are removed, ...
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