09 September 2018

ECJ ruling shows PPF must address compensation levels

5 min read

Helen Morrissey, Personal Finance Specialist
Helen Morrissey

Corporate PR Specialist – Long Term Savings


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."

- ENDS -

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

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.

At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences for our customers. At the same time, it helps to build trust in our products and services.

Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/