Established by the Pensions Act 2004, the Pension Protection Fund (PPF) is a statutory public corporation in the United Kingdom designed to act as a safety net for members of eligible defined benefit pension schemes. Its primary mission is to pay compensation to members if their employer fails and the pension scheme can no longer afford to pay the promised benefits. The PPF is funded by levies charged to the eligible pension schemes it protects, income from its investments, and recoveries of money from insolvent employers.

Founded in

United Kingdom