PENSION PROTECTION FUND (PPF)
The Pension Protection Fund (PPF)
The PPF protects millions of people throughout the United Kingdom who belong to defined benefit pension schemes. If their employers become insolvent, and their pension schemes cannot afford to pay what they promised, the PPF will pay compensation for their lost pensions. Over a hundred thousand people now receive compensation from the PPF and hundreds of thousands more are expected to do so in the future. The PPF is a statutory public corporation, and is run by an independent Board.
Specialist Administration and Actuarial Services Panel (SAASP)
We are proud to be appointed as one of four firms on the panel to provide both administrative and actuarial services during the PPF assessment period.
We carry out a number of tasks during the assessment period; please see the section “Assessment Period” for more details.
We have developed bespoke systems to ensure efficiency and consistency for all schemes, yet have been able to retain flexibility to cope with variations between all schemes.