PPF takes on fraud compensation responsibility

The Fund will provide compensation to occupational pension schemes that suffer a loss that can be attributed to dishonesty. It applies to most defined benefit and defined contribution occupational pension schemes. The Board of the PPF will review applications from representatives of schemes, and any approved fraud compensation payments will be made to the trustees or managers of the pension scheme. The Fund has also published a statement of investment principles for the Fraud Compensation Fund. The statement is designed to set out the principles and policies governing investment decis...