News

Pressure on the Pension Protection Fund?

Members of final salary pension schemes risk losing out in retirement as companies face bankruptcy during the credit crunch and demands grow on the Pension Protection Fund (PPF) safety net, experts have warned.

The list of failing companies is growing and billions of pounds are being wiped off pension scheme assets as stock markets fall. Scotland on Sunday recently revealed that nearly £10bn has been erased from the value of the country's private sector schemes since the start of the year. To read the full article by Rosemary Gallagher click here.