Pension Protection Fund (Pension Compensation Cap) Order (Northern Ireland) 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.