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.
We understand that some of our members may need some extra help from time to time. We have a number of ways we can make things easier for you if you’re living with issues with your physical or mental health.
In our recent update about progress on uncapping PPF compensation, we still had to finalise whether to put a six-year time limit on arrears payments due to PPF and FAS pensioners. This followed the Court of Appeal’s judgments on the methodology for implementing the ECJ’s Hampshire decision and the PPF compensation cap. The Department for Work and Pensions (DWP) and our Board have now finalised those decisions.
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.
The trustee of the Old British Steel Pension Scheme (OBSPS) has announced it has entered into a buy-in contract, a form of insurance policy for pension schemes.
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.
Sara played a pivotal role in establishing the Fund more than 15 years ago while working at the Department for Work and Pensions.
You need to allow cookies to view this video. Click the below link to manage your cookie settings and select "Targeting Cookies" on the left hand side.
