In brief, the Pension Protection Fund’s main function is to provide compensation to members of eligible defined benefit pension schemes, when there is a qualifying insolvency event in relation to the employer, and where there are insufficient assets in the pension scheme to cover the Pension Protection Fund level of compensation. The Pension Protection Fund is a statutory fund run by the Board of the Pension Protection Fund, a statutory corporation established under the provisions of the Pensions Act 2004. To help fund the Pension Protection Fund, compulsory annual levies are charged on all eligible schemes.
Investing the assets of the Pension Protection Fund effectively is a further key function of the organisation. The Pension Protection Fund is also responsible for the Fraud Compensation Fund - a fund that will provide compensation to occupational pension schemes that suffer a loss that can be attributable to dishonesty.
This is an exciting opportunity for an individual who is used to dealing with electronic and scanned documentation. Within the role you will be managing your own workload, ensuring that there is a real focus on attention to detail. You will gain the opportunity to join an organisation that values and respects their members and always has customer service at the forefront of everything.
Responsibilities and Duties
You’ll also get an outstanding rewards package which includes a generous pension scheme, private medical insurance, health cash plan, critical illness insurance, volunteering leave, holiday trading and a discretionary bonus scheme.
We’ll also give you lots of opportunities for personal development and skills training.
To discuss this role, please contact Amanda Warren on 0208 604 7471
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