PPF

The Pension Protection Fund has appointed Alan Rubenstein as its new chief executive.

The Pension Protection Fund has rejected claims it will be forced to cut member benefits as a result of the recession.

Defined benefit pension scheme deficits have more than doubled over the past year, with a shortfall of £155bn in November, according to figures from the Pension Protection Fund (PPF).

The Pension Protection Fund (PPF) rescued four more schemes in September, with over 3,000 more Britons receiving, or expecting to receive PPF compensation.

Almost 16,000 people from 15 insolvent pension schemes were rescued by the Pension Protection Fund (PPF) last month.

The chief executive of the Pension Protection Fund (PPF), Partha Dasgupta, has announced he will stand down in June 2009.

The amount of compensation the Pension Protection Fund (PPF) pays out each month has increased 66% in the past year to £1.4m, according to figures from the fund.

The Government has pledged to make an announcement on the Financial Assistance Scheme (FAS), set up to bail out thousands of pensioners whose employers went bust, in "the next few days".

The National Association of Pension Funds (NAPF) welcomes the Pension Protection Funds' (PPF) efforts to stabilise its levy arrangements over the next three years.

The Pension Protection Fund has denied allegations it is "systematically overcharging" companies to the tune of millions of pounds on their levy payments.