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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

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.