The Pensions Act 2004: Pension Protection Fund.
Mondaq Business Briefing › Nbr. 2004, May 2004
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The Pensions Act 2004: Pension Protection Fund.
The Pensions Act 2004 (the "Act") received Royal Assent on 19 November 2004. Most of its provisions are expected to come into force in April 2005. The Act includes the establishment of a new Pension Protection Fund ("PPF") which will administer schemes of which the sponsoring employer has become insolvent. The PPF is modelled, in part, on the Pension Benefit Guaranty Corporation, which p...
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