PPF pays out £1bn but fraud compensation claims raise concerns

Chris Ratcliffe/Bloomberg

The Pension Protection Fund paid out £1bn in member compensation in 2020-21, but there are concerns as potential claims with a value in excess of £358m against its Fraud Compensation Fund vastly exceed the money available to pay them, according to the PPF’s annual report.

Register now for FREE to read this article

If you are already a registered you can SIGN IN now

Register today for free!

It’s quick and easy, and as a registered user you’ll have full access to all Pension Expert articles. You will also be able to recieve editorial emails.

  • Full access to all news, analysis and expert comment
  • The latest industry insights delivered to your inbox on a Tuesday and Thursday morning
  • The Friday Takeaway newsletter reviewing the major events of the week
  • Bookmark your favourite articles for easy review
  • Hear about and register to attend Pensions Expert and DG Publishing events