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1/3 of UK Final Salary Pension Schemes have gone into liquidation already. Members of these schemes still receive a pension however, but less than what was promised to them. This pension comes from the Pension Protection Fund (PPF) which is propped up by surviving schemes, who had to increase their levy by 8% in 2020/21. It is worrying to think that the PPF themselves have year on year predicted in their annual statement that the probability of success of this life boat is decreasing. The lifebo
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1/3 of UK Final Salary Pension Schemes have gone into liquidation already. Members of these schemes still receive a pension however, but less than what was promised to them. This pension comes from the Pension Protection Fund (PPF) which is propped up by surviving schemes, who had to increase their levy by 8% in 2020/21. It is worrying to think that the PPF themselves have year on year predicted in their annual statement that the probability of success of this life boat is decreasing. The lifebo
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