In February 2018 we signed HM Treasury’s Women in Finance Charter, a commitment to improve gender balance across the financial services sector, at every level.
Following the successful inaugural meeting of the SME Forum earlier this year, we were really pleased to get together with Forum members again in September for some interesting and, it’s fair to say, at times challenging discussions.
We’ve previously announced that we’d started making increased payments to all pensioners who were most affected by the Court of Justice of the European Union’s (ECJ or CJEU) ruling, because they were subject to the PPF compensation cap (either the standard cap, or the long service cap), which on its own had reduced their benefits to less than 50% of those they had accrued.
Schemes that are genuinely unable to pay their levy invoice within 28 days have always been able to apply for a payment plan. A payment plan can spread the cost of the levy over a number of months.
Each year our compensation cap for PPF members is subject to review by the Department of Work and Pensions, with changes taking effect from 1 April.
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