Pension Protection Fund

The Pension Protection Fund (PPF) is a UK government-backed organization that safeguards the pensions of individuals whose employers go bankrupt or cannot meet their pension commitments. It steps in to ensure that members of defined benefit pension schemes receive a minimum level of their promised retirement benefits. Funded by a levy on pension schemes, the PPF helps protect workers and retirees from losing their pensions, providing financial security in the event of employer insolvency. Essentially, it acts as a safety net for pension holders, promoting confidence in the pension system.