PPF

The Pension Protection Fund has confirmed it aims to collect an overall levy of £600m in 2011/12.

The 6,560 schemes monitored by the Pension Protection Fund reported an aggregate deficit of £1bn at the end of last month.

Defined contribution provision provides a "grossly inadequate" income and is condemning future elderly to a life of poverty, research by a think tank reveals.

Some 40 members of a scheme whose employer became insolvent may not be covered by the Pension Protection Fund, due to a technicality in the Pensions Act 2004, Ros Altmann says.

Defined benefit schemes are in danger of prejudicing their eligibility for the PPF by compromising their debts when they wind up, lawyers have warned.

PPF's Martin Clarke talks about the long-term levy and the new assess and pay initiative

The current time it takes for pension schemes to complete the wind-up process is "Dickensian", The Pensions Regulator says.

The Pension Protection Fund has successfully guided the first scheme through the assessment period using its ‘assess and pay' programme.

Schemes are continuing to reduce investment risk by shifting towards gilts and fixed interest and away from equities, data from the Purple Book reveals.

UK - The 6,653 schemes monitored by the Pension Protection Fund reported a surplus of £13.5bn ($21.8bn) at the end of last month, figures show.