Latest news

Have your say on our 2022/23 levy rules

We’ve published our consultation on the proposed changes to our levy rules for 2022/23.

Removing the compensation cap and paying arrears

In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination. They supported our approach to increasing payments to PPF and FAS members following the 2018 European Court of Justice judgment in the Hampshire case. We’ve been working on how to implement it.

What are factors?

As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before, after or on your retirement date, and whether or not you take a tax-free lump sum. 

How members can manage their benefits online

Our member website puts you in the driving seat. It gives you the freedom to access and manage information about your benefits and make informed decisions, at a time that best suits you.

Make sure we have your address

You may have received a letter from a company called Target Professional Services asking you to confirm your address. 

Ready, steady, start your payments

The Quote and Retire feature on our member website is the quickest way to receive your money from us and avoids paperwork.

Registering online for the first time

Registering for our member website is easy. Here’s what to expect.  

Court of Appeal judgment on Hughes judicial review

The Court of Appeal has supported our approach for increasing payments to PPF and FAS members following the 2018 European Court of Justice judgment in the Hampshire case.

Kate Jones announced as Chair of our Board

Today the Department for Work and Pensions (DWP) announced that Kate Jones will take up the post on 1 July, taking over from Arnold Wagner OBE.

Levy rules for 2021/22 published

We’ve now published the final levy rules for 2021/22, alongside our policy statement summarising the responses we received during consultation, and our conclusions.

Outcome of the 2021/22 levy consultation

Our consultation setting out our plans for the 2021/22 levy rules closed on 24 November. We’re confirming key decisions before we publish the formal levy rules in January.

Fraud Compensation Fund eligibility criteria confirmed

In a ruling on 6 November 2020, the High Court clarified how the legislation governing the FCF should be interpreted.