Smith says PPF will ensure pensions security

Speaking at the NAPF conference in Glasgow, Smith praised the introduction of the Fund saying it should increase people's confidence in pensions by offering them a safety net if their scheme would wind-up. "It will benefit at least 13 million members by giving them the peace of mind they need to go ahead and pay into their company scheme, safe in the knowledge they will still have secure retirement even if their company goes bust," he said. However, his statement come in stark contrast to the view expressed by the DWP in the Pensions Bill, which states the PPF will not offer scheme me...