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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.

How FAS members can manage their benefits online

Our member website helps you look after your benefits. You can use it whenever you like, and it’s easy to find the information you need, at a time that best suits you.

How our TrainingMark has improved the customer experience

Our customer satisfaction results are currently at 97%, and we continually strive to improve this score. 

PPF 1000th scheme

Carillion Rail (GTRM) Pension Scheme becomes 1000th scheme to transfer to the PPF

We’ve reached 1000 schemes

The Carillion Rail (GTRM) Pension Scheme has become the 1000th pension scheme to transfer to us since we were established in 2005. 

ECJ judgment in PSV v Bauer

The recent ECJ judgment in the case of PSV v Gunther Bauer has restated that, as a minimum, every individual must receive at least 50% of their accrued benefits.

Pension Protection Fund confirms levy rules for 2020/21

The PPF confirms levy rules for 2020/21 remain stable and broadly unchanged from previous levy year

Next phase begins after ECJ ruling in Hampshire

We’ve previously announced that we’d started making increased payments to all pensioners who were most affected by the Court of Justice of the European Union’s (ECJ or CJEU) ruling, because they were subject to the PPF compensation cap (either the standard cap, or the long service cap), which on its own had reduced their benefits to less than 50% of those they had accrued.

Help for members with tax questions

As your payments from the PPF/FAS are a taxable benefit, HMRC tells us which tax code to apply and this determines how much tax is deducted. 

Introducing our member Benefit Modeller

Are you a member and thinking about retiring? Try our Benefit Modeller.