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).
Would you like to know more about why the PPF and Financial Assistance Scheme (FAS) were set up, how we operate and how we’re funded? Then watch the first three videos in a new series we’ve created to help explain who we are and what we do.
Lisa will now be responsible for leading the PPF’s actuarial financial management, finance, commercial and internal audit departments and will do this alongside her current role as Chief Actuary.
In April, we confirmed that we had started to pay increased benefits to PPF and FAS pensioners who were most affected by the Court of Justice of the European Union’s (ECJ’s) ruling because they had had their benefits adjusted by the Long Service Cap.
We’ve published our consultation on the proposed changes to our levy rules for 2022/23.
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