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United Kingdom · Question · Written question

HL HL2537

Pension Protection Fund: Monarch Airlines

answeredUnited Kingdom· UK Parliament· EN

Introduced

25 October 2017

Last action

1 November 2017 · Answer

Status

Answered

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Subjects

Aviation

Source updated

1 November 2017

Aviation

Summary

To ask Her Majesty's Government whether the Pension Protection Fund nominated someone to sit on the board of Monarch Airlines, or otherwise monitored (1) the financial performance and management of that company, and (2) its relationships with its controll

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Timeline

  1. 25 October 2017

    Written question

    To ask Her Majesty's Government whether the Pension Protection Fund nominated someone to sit on the board of Monarch Airlines, or otherwise monitored (1) the financial performance and management of that company, and (2) its relationships with its controll

    Source: Lords

  2. 1 November 2017

    Answer

    The Pension Protection Fund (PPF) is an independent body which pays compensation to members of defined benefit occupational pension schemes where the sponsoring employer becomes insolvent and the scheme is unable to cover the accrued pension liabilities.T...

    Source: Written answer

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