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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.

The PPF introduces new insolvency risk services developed with Dun & Bradstreet

The Pension Protection Fund (PPF) has today marked the start of its new partnership with Dun & Bradstreet (D&B) by publishing its plans for new services and consulting on its approach to the measurement of insolvency risk from 2021.

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

PPF 7800 index - December 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

PPF 7800 index – November 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

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.

PPF 7800 index – October 2019

This update provides the latest estimated funding position, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).

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.