New Fraud Compensation Fund Leaflet
The PPF has published a new leaflet on the Fraud Compensation Fund.
The Fraud Compensation Fund (FCF) was established under the Pensions Act 2004 to provide compensation to occupational pension schemes, with insolvent employers, that suffer a loss that can be attributable to an offence involving dishonesty. The FCF became operational on 1 September 2005 and replaces the former Pensions Compensation Board. It applies to most defined benefit and defined contribution occupational pension schemes. It does not apply to state retirement pensions.
[Published: 20 June 2012]
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