How the government's Pension Protection Fund works

The Pension Protection Fund deals with defined-benefit schemes when an employer goes bust. David Prosser explains how it works.

Thomas Cook flight crew © Thomas Cook

Defined-benefit scheme members at Thomas Cook will be protected
(Image credit: Thomas Cook flight crew © Thomas Cook)

The Pension Protection Fund deals with defined-benefit schemes when an employer goes bust.

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David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.