The Pension Protection Fund (PPF) and Pensions Regulator was established, with the aim of protecting workers' interests in the event that their employer becomes insolvent.

Under the measures, members of eligible defined benefit pension schemes can receive compensation if there are insufficient assets available in the pension scheme.

The Pensions Regulator also has wider powers to ensure that work-based pension schemes are being well-run.

According to the Government, the purpose of the measures is to take the pressure off employers with well-run pensions schemes, by concentrating on those whose schemes are in difficulty.

Further information on the Pension Protection Fund is available on the PPF website.