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Next phase begins after ECJ ruling in Hampshire

We’ve previously announced that we’d started making increased payments to all pensioners who were most affected by the Court of Justice of the European Union’s (ECJ or CJEU) ruling, because they were subject to the PPF compensation cap (either the standard cap, or the long service cap), which on its own had reduced their benefits to less than 50% of those they had accrued.

Help for members with tax questions

As your payments from the PPF/FAS are a taxable benefit, HMRC tells us which tax code to apply and this determines how much tax is deducted. 

Introducing our member Benefit Modeller

Are you a member and thinking about retiring? Try our Benefit Modeller.  

More member benefit increases after ECJ ruling

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.

PPF publishes strategy for next three years

The Strategic Plan outlines how the PPF will continue to protect its members amid a volatile market whilst setting new standards

Where we are with the European Court of Justice ruling

Since our last update in December new court proceedings have started against us, seeking to challenge, among other things, our intended approach for calculating any increases due to our members as a result of the ruling.

Update on the European Court of Justice ruling

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.

PPF confirms levy determination for 2019/20

Following the consultation launched in September, the Pension Protection Fund (PPF) has today published its final levy rules for the 2019/20 levy year.

We’ve published our levy rules for 2019/20

Following the consultation we launched in September today we’ve published our final levy rules for 2019/20.

Implementing the European Court of Justice ruling

In September 2018 the Court of Justice of the European Union (the CJEU) ruled that pension scheme members should receive at least 50% of the value of their accrued old age benefits if their employer became insolvent.