PPF takes on 100th pension scheme

It means the 343 members at the Bristol-based company - which went bust in February 2007 - will now receive PPF compensation, or will do so on retirement. "The announcement that 100 schemes have now transferred to the PPF demonstrates clearly that we are doing what we were set up to do - protecting people's pensions when their employers go bust," PPF chief executive Partha Dasgupta says. "This is a major achievement for an organisation set up just four years ago - and will help reassure people belonging to work-based pension schemes their pensions are protected should their employer go ...