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.
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’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.
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.
Respondents to the PPF’s recent levy consultation welcomed the introduction of the new services developed with Dun & Bradstreet with some small scale improvements
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.
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