It said that a scheme rescue through organisations like itself would allow for asset growth and need not mean that benefits have to be capped.
“The PPF is an important backstop for safeguarding pensioners’ interests but should not be seen as the only, nor the most potentially generous, long-term solution,” said Ben Shaw, development director of OPT.
“Even if a scheme is in deficit, trustees who calculate there is still sufficient funding to pay better benefits than the PPF can offer can opt for the scheme to keep running on behalf of members.
“They can do a scheme rescue on their own, or through an organisation such as OPT which will provide professional expertise and help to minimise costs.”
Schemes that enter the PPF offer full benefits to existing pensioners, but those yet to retire only get 90% of benefits capped at just over £27,000 a year.
