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Pension Trust dismayed by huge protection bill
By David Ainsworth, Third Sector Online, 26 June 2008
Charity pension manager the Pension Trust has been hit by a bill increase of £850,000 from market insurer the Pension Protection Fund.
The trust said the increase was more than twice as large as originally suggested by the PPF, which was set up in 2005 to protect pension holders whose employers go bust. The increase brings the trust's total bill to £1.9m for the year ahead. The PPF, which levies money from...
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