The PPF protects millions of people throughout the United Kingdom who belong to defined benefit pension schemes. If their employers become insolvent, and their pension schemes cannot afford to pay what they promised, the PPF will pay compensation for their lost pensions. Over a hundred thousand people now receive compensation from the PPF and hundreds of thousands more are expected to do so in the future. The PPF is a statutory public corporation, and is run by an independent Board.
Pension Protection Fund
The Pension Protection Fund (PPF)
Specialist Administration and Actuarial Services Panel (SAASP)
We are proud to be appointed as one of four firms on the panel to provide both administrative and actuarial services during the PPF assessment period. We have developed bespoke systems to ensure efficiency and consistency for all schemes, yet have been able to retain flexibility to cope with variations between all schemes.
We are delighted to be one of four organisations on the Pension Protection Fund’s Specialist Administration and Actuarial Services Panel who advise and support schemes being considered for entry to the PPF following an employer insolvency. We are also excited to be extending our relationship with the Pension Protection Fund. A new framework agreement will see us and other firms providing experienced and specialist support to the Board of the PPF. This could include actuarial, administration, support and consultancy services.
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Broadstone is a team of experts who are passionate about the ever-changing world of pensions and benefits. As such, they have hundreds and thousands of ideas, views and events to share with you to meet your business needs. Our business believes and promotes a people first culture, both internally and to you, our clients.
We believe in our core values and the culture they deliver. We know that when we all work as a team and combine our vast reservoir of expertise and knowledge, we will deliver results to our clients, maintaining the personal touch that can be so often missing in today’s business world.