Pension Protection Fund
From ACT Wiki
Pensions - UK.
An organisation set up by the UK government under pensions legislation to provide compensation to members of eligible pension schemes, when there are not enough assets in the pension scheme to cover the PPF level of compensation.
This is similar to the Pension Benefit Guaranty Corporation (PBGC) in the US.
The UK Pension Protection Fund is a public corporation of the Department for Work and Pensions.
The UK Pension Protection Fund is also responsible for the Fraud Compensation Fund.