Employers likely to 'abuse' PPF warns pensions expert

Ritchie, pensions development director at Scottish Equitable, says the PPF will provide employers with an incentive to allow defined benefit schemes to go bust. Although the government used a lot of space in February's Pensions Bill to ensure employers would not wind-up their schemes as soon as they are 'protected' by the fund, people will still find ways of taking advantage of it, Ritchie says. "We will see that as soon as it starts," he warns, saying claims will come through immediately after the PPF comes into force. Alternatively, the rules will dissuade employers of 'healthy' ...