Four more schemes enter the PPF

The Pension Protection Fund (PPF) took four more schemes under its wing last month (January), resulting in a further 1,427 people around the UK now receiving compensation - or will do so in the future.

United Industries Plc Group Pension Scheme (Bacup Plastics Limited); United Industries Plc Group Pension Scheme (United Industries Plc); Unifi Dyed Yarns Ltd Pension Scheme; and Botes Building Limited Retirement and Death Benefit Scheme (Scheme 2) are the latest pension schemes to transfer to the PPF.

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

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

Facts and figures:

113 schemes are now in the PPF
34,286 people are receiving or will receive compensation in the future
the PPF paid out around £3 million in compensation from 1 January and 31 January 2010
since opening its doors in 2005, the PPF has paid out around £119 million in compensation
the average yearly payment is around £4,000 per person
the oldest recipient is 104 years and the youngest is seven years old, and
the PPF now has a total of 357 schemes and 203,473 members in the assessment period.