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PPF’s Fraud Compensation Fund to pay c.£416m by 2026 after PPF v Dalriada; majority by March 2025; Norton schemes to receive top‑ups without overcompensation

Published on: 21 March 2024

Published by a Law360 reporter
Legal News
Article summary

Sara Protheroe, the PPF’s chief customer officer, said most payments are on track to finish by March 2025, with the balance to follow a year after. This update follows an initial £9.4m disbursed by PPF’s Fraud Compensation Fund to investors in pension arrangements linked to Norton Motorcycles. Protheroe delivered remarks while giving evidence to the parliamentary Work and Pensions Committee, outlining lessons drawn from the Norton pension scandal. She explained that they are advancing swiftly through the queue of scam schemes. She added that, as set out in the strategic plan, the organisation aims to finalise the bulk of cases by March 2025, with the outstanding claims concluded by March 2026...

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