Today we’ve announced that our levy estimate for 2025/26 will be reduced and included a new provision in our rules to allow our Board to review its approach if sufficient progress can be made on the changes needed to give us greater flexibility on setting the levy.
Our previous article about implementing the European Court of Justice ruling gave you an overview of our interim approach to calculating any increases due and provided some illustrative examples of what it might mean in practice for members.
Each year we update our actuarial factors to make sure they’re actuarially equivalent, so the cost to us of providing each member's compensation is the same regardless of the choices they make.
The supplement compiled by Cranfield University’s School of Management highlights the impressive talent pool of female business leaders and board members of the future.
The first group of PPF members who we’ve assessed as most significantly affected by the European Court of Justice’s ruling have from today started receiving increased benefits. These members have had their benefits adjusted by the long service cap (LSC).
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.
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