Three more schemes enter the Pension Protection Fund

Last month (February), three more schemes transferred to the Pension Protection Fund (PPF).

Haden Staff (HDI) Pension Scheme, Haden Staff (HDS) Pension Scheme and Thorndyke Limited Retirement & Life Assurance Scheme are the latest schemes to transfer to the PPF.

This means that a further 181 people around the UK will now receive PPF compensation now, or in the future.

To date:

74 schemes have now transferred to the PPF
21, 653 people are receiving PPF compensation, or will receive compensation when they retire
The PPF paid out £3.7m in compensation between 3 February and 2 March 2009
The average yearly compensation is £4,700 per person
The oldest recipient is 101 and the youngest is six years old

The PPF now has a total of 295 schemes in the assessment period and a total of 134,090 members.

Details of the schemes that have transferred can be found at: pensionprotectionfund.org.uk/index/transferred-schemes.htm