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Changes to the FAS compensation cap

Each year the compensation cap for FAS members is increased in line with inflation, with changes taking effect from 1 April.

Fashion show raises money for Mind in Croydon

On the 10  October, in recognition of World Mental Health Day 2018, we organised a local fundraising event called Never Mind the Catwalk to raise money for our charity partners Mind in Croydon.

Court of Justice of the European Union judgement - update

Following the judgment of the Court of Justice of the European Union (CJEU) last month, we have started to write to capped members who we believe are affected by the ruling. This is to confirm our records, because we do not have all the data we need to calculate the increase due. We will be writing in tranches over the coming weeks, so members who believe they are affected, but do not receive a letter immediately, do not need to contact us.

New levy estimate for 2019/20

We’ve announced the amount of levy we will collect in 2019/20 will be £500 million. This is down from £550 million in 2018/19.

Industry welcomes tips for managing risk

The pensions industry demonstrated its positive response to our contingency planning guidance, at an event attended by over 80 trustees and advisers in central London on Tuesday this week.

We’ve raised £10,000 for Mind in Croydon

We partnered with local charity Mind in Croydon for our 2018/19 fundraising year.

Stephen Wilcox appointed as Chief Risk Officer

We’re delighted to confirm that Stephen Wilcox has joined the PPF as its new Chief Risk Officer. Stephen will be responsible for all the PPF’s risk functions.

Our 2018/19 annual report shows strong performance

Today we’ve published our 2018/19 annual report and accounts outlining how we performed over the last year.

Next group of members receiving increased payments

We’ve started to make increased payments to pensioners whose benefits fell below 50% of the value of their accrued benefits because of a combination of the compensation cap and other factors. We’re aiming to increase payments to the majority of pensioners in this group by the end of September 2020.

A winning evening for us

We've were awarded the Pension Adminstration Award at the Pensions Age Awards. The awards, now in their seventh year, aim to reward both the pension schemes and providers across the UK.