<P> The PPF started on 6 April 2005 in response to public concern that when employers sponsoring defined benefit pension schemes became insolvent, scheme members could lose some or all of their pension if the scheme was underfunded . Besides offering compensation to those pension scheme members affected by insolvencies the Government hoped that the existence of the PPF would improve confidence in pension schemes generally . </P> <P> The Board of the PPF has also taken over responsibility for managing the Fraud Compensation Fund, which will provide compensation to members of pension schemes who lose their entitlements due to Fraud . The PPF is chaired by Arnold Wagner OBE and the previous chair between April 2010--June 2016 was Barbara, Lady Judge, . The chief executive since April 2009 is Alan Rubenstein . </P> <P> Most defined benefit schemes, as well as the defined benefit portion of hybrid pension schemes based in the United Kingdom are eligible for protection . The exceptions include schemes that are covered by a crown guarantee . </P> <P> All eligible schemes are required to pay annual levies to the PPF to contribute towards administration and the compensation Fund itself . </P>

Where does the ppf get its money from