PPF may cost less than £100m a year - papers 29th March

It is the Pension Action Group which has so far come up with the £100m a year cost over 40 or 50 years for the Pension Protection Fund, however, the Telegraph says the government has refused to "sign a blank cheque" because the figure may be higher. But Giles Orton, chairman of the Association of Corporate Trustees pensions committee which is researching the issue for the government said those estimates may now be much lower than first thought. The NAPF has also come out in favour of a state-backed scheme, adds the Telegraph, as both the government and NAPF see final-salary pension sc...