ECJ ruling shows PPF must address compensation levels
6 September 2018
Responding to the recent ECJ ruling in the case of Grenville Hampshire v. The Board of the Pension Protection Fund Royal London’s Director of Policy Steve Webb said:
“Given that Pension Protection Fund (PPF) has spoken about what to do with its surplus funds a priority must be given to address the position of people such as Mr. Hampshire who could find themselves receiving less than half their pension due to the limited nature of the PPF.”
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About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £117 billion, 8.8 million policies in force and 3,745 employees. Figures quoted are as at 30 June.
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