UK - The Pension Protection Fund (PPF) is tendering for services to review data of incoming pension schemes.

The PPF said it needs help to review all data provided on the funds' members as the number of schemes joining the UK pensions lifeboat is increasing rapidly.

"We need to make sure all details passed on to Capita, the company making the payments and doing the administration, are correct so that everybody gets paid the right amount," a spokesman for the PPF confirmed to IPE.

The number of schemes in the PPF is now expected to rise from currently 12 to 65 by the end of the financial year, he added.

The service provider will be required to check for missing, illogical or inconsistent data, ascertain pensions entitlement as well as calculate benefits for Guaranteed Minimum Pension equalisation if required.

Deadline for participation in the tender is December 3.

If you have any comments you would like to add to this or any other story, contact Barbara Ottawa on +44 (0)20 7261 4618 or email barbara.ottawa@ipe.com

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