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Hughes vs PPF: Removing the lifeboat fund's cap

When the Pension Protection Fund cap was introduced by the Pensions Act 2004 a significant number of early retirees, who had retired under previous rules, suddenly found themselves capped, even though they had been classified as โ€˜pensioners in payment' and had protection as preferred creditors in the event of their scheme failing.
United Kingdom Turner Newall Paul Hughes Pension Protection Fund Department For Work Heath Lambert Group Pension Scheme

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