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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.

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. 

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.

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. 

Our statement on pre-97 indexation Budget announcement

We welcome the government’s announcement that it intends to change the law to enable the payment of inflation increases on pre-97 pensions to PPF and Financial Assistance Scheme (FAS) members.

ECJ judgment in PSV v Bauer

The recent ECJ judgment in the case of PSV v Gunther Bauer has restated that, as a minimum, every individual must receive at least 50% of their accrued benefits.

Where we are with the European Court of Justice ruling

Since our last update in December new court proceedings have started against us, seeking to challenge, among other things, our intended approach for calculating any increases due to our members as a result of the ruling.

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.

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.

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.