The Pension Schemes Bill, introduced today, contains a number of measures which directly relate to the Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS).
Read Technical News to get in-depth analysis of new regulations and other important developments in pensions. Download copies of Technical News Technical News – Issue 10 This was published on 29 June 2018.Download Issue 10
Here you'll find all the necessary valuation guidance and factors that were valid for previous periods. Please use the links below: Valuation guidance valid for previous periods
Paragraphs 26 and 27 of Schedule 7 of the Pensions Act 2004 set out the circumstances in which the compensation cap applies and how and when it should be increased. In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination, so we’re no longer applying it and we’re removing it from affected PPF pensioners. The information below is provided for advisers who still need to refer to previous calculation tables and factors.
We manage environmental, social and governance (ESG) risks to protect and enhance the value of our investments. By acting as a responsible and vigilant asset owner and using our influence as a major institutional investor, we encourage best practice from the top down and bottom-up. We believe it's vital we demonstrate a robust and effective approach to RI, and we see the integration of material ESG issues as an essential part of the investment process.
In all cases, the early retirement factor is applied to the compensation before the compensation cap is applied. Simply follow the links to the tables of early retirement factors detailed below:
If you need to access late retirement factors that were used in the past, simply follow the links to the appropriate tables, detailed below.
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