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Target member tracing

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

Next steps after court ruling on Hampshire methodology

The Administrative Court’s judgment in June 2020 upheld our general approach to calculating increases in compensation as a result of the Hampshire ruling. But it also said we need to make sure members and survivors each receive at least 50% on a cumulative basis of the actual value of the benefits their scheme would have provided. 

Implementing the European Court of Justice ruling

In September 2018 the Court of Justice of the European Union (the CJEU) ruled that pension scheme members should receive at least 50% of the value of their accrued old age benefits if their employer became insolvent.

Court of Justice of the European Union's judgement on Hampshire v PPF

The Court of Justice of the European Union (CJEU) has today ruled that individual members should receive at least 50 per cent of the value of their accrued old age pension in the event of employer insolvency.

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.

More member benefit increases after ECJ ruling

In April, we confirmed that we had started to pay increased benefits to PPF and FAS pensioners who were most affected by the Court of Justice of the European Union’s (ECJ’s) ruling because they had had their benefits adjusted by the Long Service Cap.

Help for members with tax questions

As your payments from the PPF/FAS are a taxable benefit, HMRC tells us which tax code to apply and this determines how much tax is deducted. 

Our statement on the Russian invasion of Ukraine

We're deeply saddened by the Russian invasion of Ukraine. Our thoughts are first and foremost with the Ukrainian people as this crisis unfolds. 

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.

Uncapping is a complex process

In September this year, we issued an update on our work to implement the Court of Appeal’s ruling that the compensation cap was unlawful, and to pay arrears to pensioners due increases as a result of the Hampshire ruling.