Latest news

Changes to the compensation cap 2020/21

In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination, so we’re no longer applying it and we’re removing it from affected PPF pensioners. The information below is provided for anyone who still needs to refer to the previous situation.

Sara Protheroe joins the Board as an Executive Director

We’re pleased to announce the appointment of Sara Protheroe, our Chief Customer Officer, to the Board with immediate effect. 

A message from our Chief Executive, Oliver Morley

FAS payments are funded by the Treasury, so will not be affected by the difficult situation in financial markets. We’d also like to reassure you that we will be able to continue paying members as normal. Your usual payments will not change.

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.

Levy scoring confirmed

Following a consultation launched in December on the methodology Dun & Bradstreet (D&B) use to calculate insolvency risk scores, we’re pleased to share positive feedback and upcoming changes.

Our COVID-19 preparation

FAS payments are funded by the Treasury, so will not be affected by the difficult situation in financial markets.

Worried about your Laura Ashley pension?

We understand this is a very difficult time but if you're a member of a Laura Ashley defined benefit pension scheme you can be assured that your pension is protected by us.

How trustees can prepare for the unexpected

Good risk management is a key characteristic of a well-run pension scheme, and an important part of a trustee’s role. 

Take part in our FAS Member Forum

Our members are our number one priority and we exist to protect your financial future. We want to know what matters to you, your views on the service we offer and your thoughts about changes we could make in future.

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. 

Our 2019 Gender Pay Gap report

As of 31 March 2019 our median gender pay gap stood at 13 per cent (17 per cent in 2018). The mean pay gap is 22.5 per cent (23.5 per cent in 2018); the median bonus gap is 30.5 per cent (unchanged from 2018) and the mean bonus gap is 66 per cent (59 per cent in 2018).

Celebrating International Women's Day

Sunday 8 March was International Women’s Day, celebrating women's achievements, raising awareness against bias and taking action for equality.