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New consultation on gap years for dependents

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. 

Our comment on the DWP White Paper ‘Protecting defined benefit pension schemes'

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'.

We're inviting members to take part in research

We’re contacting some of our PPF and FAS members this week with an invitation to take part in some research. 

Changes to the FAS compensation cap

Each year the compensation cap for FAS members is increased in line with inflation, with changes taking effect from 1 April.

What are factors?

As with all defined benefit pension schemes, we use factors to calculate your PPF benefits to make sure we're paying you your correct pension, whether you want to retire before, after or on your retirement date, and whether or not you take a tax-free lump sum. 

Fashion show raises money for Mind in Croydon

On the 10  October, in recognition of World Mental Health Day 2018, we organised a local fundraising event called Never Mind the Catwalk to raise money for our charity partners Mind in Croydon.

Court of Justice of the European Union judgement - update

Following the judgment of the Court of Justice of the European Union (CJEU) last month, we have started to write to capped members who we believe are affected by the ruling. This is to confirm our records, because we do not have all the data we need to calculate the increase due. We will be writing in tranches over the coming weeks, so members who believe they are affected, but do not receive a letter immediately, do not need to contact us.

New levy estimate for 2019/20

We’ve announced the amount of levy we will collect in 2019/20 will be £500 million. This is down from £550 million in 2018/19.

The Purple Book 2024

We’ve published the Purple Book 2024, the most comprehensive data and analysis of the UK defined benefit (DB) pension landscape.

Industry welcomes tips for managing risk

The pensions industry demonstrated its positive response to our contingency planning guidance, at an event attended by over 80 trustees and advisers in central London on Tuesday this week.