Pension Protection Fund (Pension Compensation Cap) Order 2005 comes into force
Implementation date: 6 April 2005
The Order specifies the amount of the pension
compensation provisions compensation cap as £27,777.78. The compensation cap is an amount used by the Board
of the Pension Protection Fund to determine the amount of compensation payable
to a person who is under normal pension age on the assessment date and whose
compensation is not derived from a pension payable on the grounds of ill health
or a survivor's pension. The
Order can be viewed on the OPSI
website.