The Pensions Act 2014 (Pension Protection Fund: Increased Compensation Cap for Long Service) (Pension Compensation Sharing on Divorce) (Transitional Provision) Order 2017
The Pension Protection Fund pays compensation to members of eligible occupational pension schemes when the employer becomes insolvent. The pension compensation is subject to a maximum cap – the compensation cap.
Lifecycle
Department
Made
08 Mar 2017
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In force
06 Apr 2017
Enabling power
The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by section 56(8) of, and paragraph 22(1) of Schedule 20 to, the Pensions Act 2014.
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