Today we’ve published our Annual Report and Accounts 2021/22 . While market conditions were favourable over the year, our investment team beat every benchmark, putting us in an even stronger financial position as we look to the future of our funding.
Safe, simple and secure
Our member website is secure and easy to use. It gives you the freedom to access and manage information about your PPF benefits, and make informed decisions, quickly and simply.
Each year we update our actuarial factors to make sure they’re actuarially equivalent, so the cost to us of providing each member's compensation is the same regardless of the choices they make. We take into account external influences, such as movements in financial markets and changes to life expectancy.
We understand this is a very difficult time. If you’re a member of the McColl's Pension Schemes (TM Pension Plan or TM Group Pension Scheme), here’s what to do and who to call if you have questions about your pension.
By achieving the goals set out in our last strategic plan, we’ve built strong foundations to protect our members going forward. Our 2022-25 Strategic Plan sets out our priorities for the next three years. We've also published our new Business Plan for 2022/23.
The Department for Work and Pensions (DWP) has launched a consultation on a proposed regulation which will allow dependent child survivors of our members to take a gap year from full time education.
The Department for Work and Pensions today published their policy paper, ‘Protecting defined benefit pension schemes’. This follows the Green Paper from February 2017, 'Security and Sustainability in Defined Benefit Pension Schemes'.
Each year the compensation cap for FAS members is increased in line with inflation, with changes taking effect from 1 April.
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