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Next steps after court ruling on Hampshire methodology

The Administrative Court’s judgment in June 2020 upheld our general approach to calculating increases in compensation as a result of the Hampshire ruling. But it also said we need to make sure members and survivors each receive at least 50% on a cumulative basis of the actual value of the benefits their scheme would have provided. 

Target member tracing

You may have received a letter from a company called Target Professional Services asking you to confirm your address. 

PPF supports struggling levy payers with payment extension

The Pension Protection Fund (PPF) has announced that it will give levy payers struggling as a result of the coronavirus pandemic up to 90 days interest free to pay their 2020/21 levy bill. 

Next group of members receiving increased payments

We’ve started to make increased payments to pensioners whose benefits fell below 50% of the value of their accrued benefits because of a combination of the compensation cap and other factors. We’re aiming to increase payments to the majority of pensioners in this group by the end of September 2020.

How FAS members can manage their benefits online

Our member website helps you look after your benefits. You can use it whenever you like, and it’s easy to find the information you need, at a time that best suits you.

How our TrainingMark has improved the customer experience

Our customer satisfaction results are currently at 97%, and we continually strive to improve this score. 

PPF 1000th scheme

Carillion Rail (GTRM) Pension Scheme becomes 1000th scheme to transfer to the PPF

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. 

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.

Pension Protection Fund confirms levy rules for 2020/21

The PPF confirms levy rules for 2020/21 remain stable and broadly unchanged from previous levy year