Company Pension Compensation

Published / Last Updated on 13/12/2013

Company pension schemes are not part of the Financial Services Compensation Scheme and are actually part of a totally separate scheme call the Pension Protection Fund (PPF).

If your company goes bust and your company pension fund is essentially bankrupt, the PPF comes in to action.If you have already retired then 100% of your pension scheme is covered.

If you have retired early then your maximum pension allowance is capped and 90% of this is then protected.

If you are yet to retire then the limit is 90% of the benefits you have already built up.

Your company pension compensation is not covered by the same scheme as a private pension which is calculated differently.

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