PPF confirms £1,000 uplift in compensation cap

James Phillips
clock • 1 min read

The Pension Protection Fund (PPF) compensation cap will rise by £1,014 from April, the lifeboat fund has confirmed.

The ceiling will be lifted from £39,006 to £40,020 for deferred members who retire at age 65, and whose schemes had previously been absorbed by the PPF following an employer insolvency. The bene...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

TPR's General Code comes into force

TPR's General Code comes into force

WTW research shows average scheme is 87% compliant with the code

Jasmine Urquhart
clock 27 March 2024 • 4 min read
PPF proposes bespoke s143 valuation assumption for smaller schemes

PPF proposes bespoke s143 valuation assumption for smaller schemes

Lifeboat fund says current assumptions are understating the liabilities of smaller schemes

Jonathan Stapleton
clock 25 March 2024 • 2 min read
Waspi women should be compensated for state pension age change failures

Waspi women should be compensated for state pension age change failures

Ombudsman calls on parliament to launch compensation scheme

Jonathan Stapleton
clock 21 March 2024 • 4 min read
Trustpilot