Apparently it is 10 years since the Pension Protection Fund (PPF) was conceived. Back in 2003 it was just a twinkle in the eye of a Department for Work and Pensions wonk, yet to be introduced in the Pensions Act 2004.
Since it opened its doors in 2005 - to be faced almost immediately by the daunting collapse of Rover - it has grown from nothing into the £16bn behemoth we see today. This is obviously not a great ...
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