Work needed to build confidence in PPF - research

Findings of an adviser survey - conducted during recent pension roadshows – revealed 80% of the 757 intermediaries questioned do not think the PPF will achieve its aims of reinstating confidence in final salary pensions for occupational pension scheme members. In particular, Scottish Equitable says delays to the introduction of the risk-based levy as well as the prospect of high numbers of pension fund closures once the PPF is enacted are likely to lower confidence in the PPF as a security behind accrued defined benefit entitlement. One structural change which might improve confidenc...