Tory government will not bail-out PPF

Nigel Waterson said the Tories will continue the policy adopted by the Government and not bail-out the PPF - the body that pays compensation to members of defined benefit pension schemes - if it runs short of funds. Waterson, speaking at an event hosted by headlinemoney, said it is important to keep the PPF separate from the prevailing government to avoid a mentality that encourages dependency on the taxpayer. Meanwhile, the PPF says the financial health of the UK's final salary pension schemes improved during December, with the collective deficit falling from £93bn to just £33bn. ...