PPF opens its doors to over a thousand more pensioners

The PPF took five more schemes under its wing last month (October), resulting in a further 1,313 people around the UK now receiving compensation - or will do so in the future.

The Pension schemes that transferred to the PPF last month were:

Holmes Group Retirement Benefits Scheme
The McCowans Limited 1989 Pension Scheme
North Eastern Farmers Limited Pension Plan
Radix Employees Defined Contribution Plan
Tomkinsons Carpets Limited Pension Scheme

To date:

66 schemes are now in the PPF
20, 262 people are receiving or will receive compensation in the future
The PPF paid out more that £3.2million in compensation between 2 October and 1 November
The average yearly compensation is £4,700 per person
The oldest recipient is 103, and the youngest is six years old
The PPF now has a total of 265 schemes in its assessment period and a total of 120, 722 members.