Three more schemes transfer over to the PPF

The Pension Protection Fund (PPF) took three more schemes under its wing last month (September), resulting in a further 1,054 people around the UK now receiving compensation - or will do so in the future.

Bridgeport Machines Limited Pension Scheme, Westcrowns Ltd Retirement Benefits Scheme and Collins & Hayes Retirement Benefits Scheme are the latest schemes to transfer to the PPF.

To date:

104 schemes are now in the PPF
31,465 people are receiving or will receive compensation in the future
The PPF paid out more than £6 million in compensation between 1 September 2009 and 30 September 2009
The average yearly compensation is around £4,000 per person
The oldest recipient is 104, and the youngest is seven years old
The PPF now has a total of 342 schemes in the assessment period and a total of 196,118 members.

Details of the schemes that have transferred can be found on our website on the Transferred Schemes page.

The website includes details of schemes currently in the assessment period and those schemes that have completed assessment but have not yet transferred in for whatever reason.

For more information, visit pensionprotectionfund.org