Pension Protection Fund

The Pension Protection Fund is a statutory fund in the United Kingdom, designed to protect members of eligible defined benefit pension schemes when their employers become insolvent. Established in 2005, the PPF provides compensation to members if their pension scheme cannot afford to pay promised benefits. It is funded by levies on eligible pension schemes and through the investment of its assets. The PPF plays a critical role in the UK's pension landscape, offering security and reassurance to millions of pension scheme members.