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Outcome of the 2021/22 levy consultation

Our consultation setting out our plans for the 2021/22 levy rules closed on 24 November. We’re confirming key decisions before we publish the formal levy rules in January.

Fraud Compensation Fund eligibility criteria confirmed

In a ruling on 6 November 2020, the High Court clarified how the legislation governing the FCF should be interpreted.

PPF consultation on levy rules for 2021/22 steers a steady course in difficult environment

The PPF’s strong funding position means no need to act to raise the levy now

Have your say on our 2021/22 levy rules

Respond to our online consultation on the changes to our levy rules in 2021/22.

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 puts you in the driving seat. It gives you the freedom to access and manage information about your benefits and make informed decisions, 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.