NAPF and CBI balk at rise in PPF compensation cap

clock •

Trade bodies have balked at the prospect of an increase in the Pension Protection Fund compensation cap, arguing the cost will be passed onto schemes and employers.

PP revealed on Friday that the Department for Work and Pensions is reviewing the PPF cap over concerns long-term workers are being unfairly penalised. National Association of Pension Funds polic...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Hannah Brenton

View profile
More from Hannah Brenton

TPR to consider regulating DC administrators

TPR goes back to the future

More on Defined Benefit

DWP responds to WPC report on DB pensions market
Defined Benefit

DWP responds to WPC report on DB pensions market

Government confirms it will consider PPF compensation changes and consult on trusteeship, accreditation and governance

Holly Roach
Holly Roach
clock 01 May 2025 • 4 min read
Industry supports DB surplus release so long as clear parameters set, Aon finds
Defined Benefit

Industry supports DB surplus release so long as clear parameters set, Aon finds

Poll finds industry favours prudent thresholds and detailed consideration when it comes to future plans for surplus release

Holly Roach
Holly Roach
clock 23 April 2025 • 3 min read
Sponsoring employers facing less pressure after 'radical' funding improvements
Defined Benefit

Sponsoring employers facing less pressure after 'radical' funding improvements

Broadstone says employer contributions needed to plug scheme shortfalls have ‘plummeted’

Holly Roach
Holly Roach
clock 22 April 2025 • 1 min read
Trustpilot