The Carillion Rail (GTRM) Pension Scheme has become the 1000th pension scheme to transfer to us since we were established in 2005.
Members who were over the scheme's normal pension age at the time of insolvency will receive 100% of their pension. Those under that age will receive 90%, subject to a cap. Without our involvement members would have only received 55% of their promised pension.
We now manage £32 billion of assets for almost 260,000 members located in the UK and around the world. Our award winning customer service team have a 97% customer satisfaction rating from our members.
Reassurance for Carillion Rail members
“When Carillion fell apart, the suggestion was that things could either go to an insurance company or to the Pension Protection Fund,” said John Brown from Ormskirk in Lancashire.
“I’ve got nothing but praise for the PPF so far,” he continued. “The website, the member information pack, and the explanations that the PPF has given have all been top quality. It’s reassuring to find out the pension has gone in to my account and I’m really pleased with everything. Ten out of ten.”
“Everything was explained to me during the assessment period and I’ve been kept very well informed ever since," said Steven Masters from Warwickshire. "Overall, I’ve had a very good experience as a PPF member - a happy customer.”
A milestone in our history
The transfer of the 1000th scheme marks a significant milestone in protecting close to 260,000 members who have come to us following a company insolvency.
“While the arrival of the 1000th scheme represents a lot of insolvencies and change for our members it shows the value of what we do and that the legislation put in place to protect our members makes a real difference to people’s lives,” said Oliver Morley, our Chief Executive Officer.
View the complete list of the schemes that have transferred to us along with those that are currently in assessment.