Pension Protection Fund Flashcards
1
Q
What does PPF stand for?
A
Pension Protection Fund
2
Q
When do you get a pension from PPF?
A
When employer scheme fails they pay compensation
3
Q
When does PPF pay out 100% of failed scheme benefits?
A
If you have passed Normal Pension Age
4
Q
When does PPF pay out 90% of failed scheme benefits?
A
If you have not reached Normal Pension Age
5
Q
Can TFC be taken from PPF?
A
Yes - up to 25%
