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<p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful
level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p>
</p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any
decision to increase either the level of compensation, or to provide inflation increases
to pensions built up before April 1997, would result in significant increases to levy
payers. It is not proposed to change the present law.</p>
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