Pension Protection Fund (Pension Compensation Cap) Order (Northern Ireland) 2010 comes into force

Implementation date: 1 April 2010

The Order increases the compensation cap used by the board of the Pension Protection Fund in Northern Ireland, to determine the amount of compensation payable to members of certain occupational pension schemes which are underfunded at a particular level and whose sponsoring employer has become insolvent. The Regulations can be viewed on the OPSI website.