Fraud Compensation Fund: Difference between revisions
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imported>Doug Williamson m (Added UK Pensions as header) |
imported>Doug Williamson (Change of 'replaces' to 'replaced' as it did so in 2005. Source: http://www.pensionprotectionfund.org.uk/About-Us/Pages/FraudCompensationFund.aspx) |
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The FCF is a statutory fund run by the Board of the Pension Protection Fund and is funded from the Fraud Compensation Levy raised on eligible pension schemes. | The FCF is a statutory fund run by the Board of the Pension Protection Fund and is funded from the Fraud Compensation Levy raised on eligible pension schemes. | ||
It | It replaced the former Pensions Compensation Board. | ||
Revision as of 14:14, 20 January 2016
(FCF).
UK Pensions.
Established under the UK pensions legislation to provide compensation to occupational pension schemes, with insolvent employers, that suffer a loss attributable to an offence involving dishonesty.
It applies to most defined benefit and defined contribution occupational pension schemes, however, it does not apply to state retirement pensions.
The FCF is a statutory fund run by the Board of the Pension Protection Fund and is funded from the Fraud Compensation Levy raised on eligible pension schemes.
It replaced the former Pensions Compensation Board.
