Pension Protection Fund Surplus

Published / Last Updated on 01/11/2010

The Pension Protection Fund, the safety neyt for failed pension schemes has confirmed that it now has a surplus compensation fund of £400m for the year 2009/10 compared to a £1.2bn deficit for 2008/9.

The PPF suggests that the figures demonstrate that it is on the right track being self sufficient by 2030, we suggest that this marginal result comes from huge investment growth in 2009/2010.

We suggest whilst pleasant to see, these figures may look at little different in a couple of years time if any more significant employers become insolvement and leave pension liabilities or if investment markets suffer dramatic losses.

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