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PPF chief executive Oliver Morley
The Pension Protection Fund (PPF) paid out £1bn in compensation to members last year as strong asset performance sent both its reserves and its probability of success skyrocketing.
In its 2020/21 annual report and accounts, published on Monday (18 October), the compensation scheme reported a 13.9 percentage point increase in its funding position, which hit 127.3%, as reserves also...
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