MG Rover settlement expected to avoid PPF

31 October 2014

The Pensions Regulator has published details of an £8 million settlement following their investigation into the MG Rover Group senior pension scheme.

The report confirms that with the payment of £8.085 million into the Scheme, it is expected that the Scheme will be able to wind up outside the Pension Protection Fund (PPF), and there will therefore be no call on the PPF levy payers to fund any of the benefits of the Scheme.