PPF

'Setting out longer-term view'

From £32bn to £23bn

£31.9bn deficit

The Pension Protection Fund (PPF) must ensure it pays out at least 50% of individual entitlements to members whose funds were absorbed into the lifeboat fund, the European Court of Justice (ECJ) has ruled.

'Appropriate risk-based levy charge' would be considered

Estimated £38m deficit

86% going into New BSPS

Filed for compulsory liquidation

10.5 million private sector DB members

Triple lock would become 'double lock'