We've were awarded the Pension Adminstration Award at the Pensions Age Awards. The awards, now in their seventh year, aim to reward both the pension schemes and providers across the UK.
As of 31 March 2019 our median gender pay gap stood at 13 per cent (17 per cent in 2018). The mean pay gap is 22.5 per cent (23.5 per cent in 2018); the median bonus gap is 30.5 per cent (unchanged from 2018) and the mean bonus gap is 66 per cent (59 per cent in 2018).
Our members are our number one priority and we exist to protect your financial future. We want to know what matters to you, your views on the service we offer and your thoughts about changes we could make in future.
FAS payments are funded by the Treasury, so will not be affected by the difficult situation in financial markets. We’d also like to reassure you that we will be able to continue paying members as normal. Your usual payments will not change.
We understand that some of our members may need some extra help from time to time. We have a number of ways we can make things easier for you if you’re living with issues with your physical or mental health.
In our recent update about progress on uncapping PPF compensation, we still had to finalise whether to put a six-year time limit on arrears payments due to PPF and FAS pensioners. This followed the Court of Appeal’s judgments on the methodology for implementing the ECJ’s Hampshire decision and the PPF compensation cap. The Department for Work and Pensions (DWP) and our Board have now finalised those decisions.
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