Protected liabilities

Resource type: Glossary Item

Status: Maintained

Jurisdiction: United Kingdom

In the context of pensions, a scheme's protected liabilities are the estimated cost of securing members' benefits through buying annuities (www.practicallaw.com/1-107-6404) from an insurance company in an amount equal to the compensation that the Pension Protection Fund (PPF) (www.practicallaw.com/7-205-4059) would pay under Schedule 7 to the Pensions Act 2004.

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  • Resource ID: 2-242-0060
  • Products:  IP&IT, PLC Glossary, PLC Magazine (UK), PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Share Schemes & Incentives
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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