The Pension Protection Fund is meeting the challenges of a fast growing member base by insourcing services and adopting new technologies. Stephanie Baxter speaks to chief customer officer Sara Protheroe
The Pension Protection Fund has seen its funding level improve by 1.2 percentage points, after enjoying above target returns in a year when it took on pension schemes of big corporates like Carillion.
Defined benefit (DB) consolidation vehicles may be subject to a special levy if they are deemed eligible for the Pension Protection Fund (PPF) in the event of a failure.
Having successfully brought PPF member services in-house, the lifeboat fund will do the same for FAS administration to lower costs and deliver customer satisfaction. The PPF speaks to Stephanie Baxter.