Pension Protection Fund appoints investment and finance director

The Pension Protection Fund (PPF) has announced the appointment of Partha Dasgupta as director of investment and finance to the fund.

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The PPF, which will come into operation on 6 April 2005, was set up under the provisions of the Pensions Act 2004. It has been established to pay compensation to members of eligible defined benefit and hybrid pension schemes if their employers become insolvent.

As director of finance and investment, Dasgupta will direct and oversee the management of the fund’s assets, investments, finances and levy arrangements. He also becomes a member of the board of the PPF.