Government drags feet on pension protection boost

2016-04-15T00:38:06-07:00April 15th, 2016|Categories: Defined Benefit Plans|Tags: , |

The government has been accused of dragging its feet over plans to give greater pension protection to long-serving workers. Changes to the Pension Protection Fund (PPF), the pension lifeboat that takes over the defined benefit (DB) pension schemes of failed company, have not been implemented despite being written into the Pension Act 2015. The scheme pays pension income to retired and current workers when an employer goes bust. The PPF has been thrust in to the limelight in the [...]