Lifeboat fund gains buoyancy

Despite a record number of claims, the PPF is in surplus and should look to cut its levies

Jonathan Stapleton
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While many sponsors and trustees would rather not have to pay Pension Protection Fund levies - and sometimes grumble they are too high or have been calculated wrongly - there are few that would wish to abolish the body altogether.

Since it was set up in 2005, 172,018 people have been transferred to the PPF and the organisation has paid out total compensation of £793m. Thousands of people that would have lost their pension in...

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