Court of Appeal allows appeal from compensation scheme over 50% protection calculation and survivors’ benefits
The Pension Protection Fund (PPF) and Department for Work and Pensions (DWP) will appeal court judgments relating to the way the lifeboat fund pays compensation.
The government will change the law to allow the Pension Protection Fund (PPF) to aggregate pensions for the purposes of calculating compensation.
Key questions are still yet to be answered over how much compensation members receive from the Pension Protection Fund (PPF) a year after a landmark court ruling.
The Pension Protection Fund (PPF) compensation cap will rise by £1,014 from April, the lifeboat fund has confirmed.
The Pension Protection Fund (PPF) hopes to conclude compensation payments to its members receiving less than 50% of their original benefit entitlements between April and summer this year, so long as it can collect the necessary information.
The Pension Protection Fund (PPF) has conceded it does not have "all the data we need to calculate" the impact of last month's ruling that some benefits may be unlawful.
Steve Webb says there are many questions that need to be answered following the landmark ECJ ruling
The Department for Work and Pensions (DWP) has launched a consultation to clarify how the Pension Protection Fund (PPF) should treat transferred-in defined benefit (DB) entitlements when calculating compensation.
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.