The Pension Protection Fund was established to pay compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer and where there are insufficient assets in the pension scheme to cover Pension Protection Fund levels of compensation.

The Pension Protection Fund, is funded by a compulsory annual levies are charged on all eligible schemes.

If you are a member of a scheme from an employer which is unable to meet its obligations to you then the PPF may be able to assist.

Although it is a scheme to protect it does not guarantee to replace the benefits you have lost 100%.

For more details of how it operates and the compensation levels visit the Pension Protection Fund website.