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We’ve submitted our response to DWP’s consultation on Options for Defined Benefit Schemes

Today we submitted our response to DWP’s consultation on Options for Defined Benefit Schemes.

How FAS 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. 

Registering online for the first time

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

Join our member website

Safe, simple and secure  Our member website is secure and easy to use. It gives you the freedom to access and manage information about your PPF benefits, and make informed decisions, quickly and simply.

We’ve published our latest strategic plan

By achieving the goals set out in our last strategic plan, we’ve built strong foundations to protect our members going forward. Our 2022-25 Strategic Plan sets out our priorities for the next three years. We've also published our new Business Plan for 2022/23.

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. 

We've retained our UK Stewardship Code status

We're delighted that the Financial Reporting Council (FRC) has confirmed we've continued to meet the standard of reporting required to remain as a signatory to the UK Stewardship Code for a fourth consecutive year. 

How our TrainingMark has improved the customer experience

Our customer satisfaction results are currently at 97%, and we continually strive to improve this score. 

We’ve reached 1000 schemes

The Carillion Rail (GTRM) Pension Scheme has become the 1000th pension scheme to transfer to us since we were established in 2005. 

Letting someone else deal with us on your behalf

If you’d like someone else to deal with us on your behalf, you can send us a Letter of Authority or a Power of Attorney.