Pension Protection Fund (PPF)
The PPF came into force on 6th April 2005 and it is an insurance scheme to protect members of DB and hybrid schemes.
As of March 2017 it has over 900 pension schemes with more than 235,000 members.
It is independent and run using three levies:
- Administration levy
- Fraud compensation levy
- Pension protection levy – split into
a. Scheme based levy
b. Risk based levy
Questions - Use Your Note Taker To Jot Down Ideas / Calculations
There are limited questions asked around the trends in investment markets.
One example of a question that could asked is as follows.
Question to be attempted before answer & explanation shown
The ageing population in the UK is most likely to result in:
a) a decline in the service sector generally.
b) a greater proportion of wealth being spent on the manufacturing industry.
c) less emphasis on controlling inflation.
d) a boost for the financial services and leisure sectors.
D)
Pg.113 – An ageing population is likely to boost demand in financial services and leisure sectors.
- Further Study Text: Pages 106-111