UK Pension Protection Fund (PPF) reaches 90% compensation cap, affecting some pensioners.

The UK Pension Protection Fund (PPF) has hit its 90% compensation cap, meaning some pensioners may receive less than expected due to employer insolvency. MP Claire Hanna questioned the government about potential reviews of the compensation rules. Pensions Minister Emma Reynolds acknowledged the issue and indicated further consideration. The PPF is also exploring a role as a Public Sector Consolidator to enhance productive investments, potentially unlocking £10 billion.

October 18, 2024
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