What is the Pensions Protection Fund and what does it cost?
This was introduced by the Government to provide some protection of benefits for members of defined benefit (final salary) schemes where an employer becomes insolvent. There is a levy applied to each scheme based on its potential risk. The worse the scheme’s or employer’s financial position, the higher their levy.
Related Questions
- During 2010, I sold fund shares inherited from my parents. Will cost basis and gain/loss information from this sale be shown on my 2010 Average Cost Accounting Statement?
- Do we mail CHARITYSMITH a check for $500 now or can we setup the fund first and use donations to pay the cost of establishing the fund?
- How much would a unit of The Fund cost?
