All Financial Assistance Scheme articles
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NewsAdmin levy and indexation changes among new Pension Schemes Bill amendments
More amendments have been put forward by government ministers and other MPs ahead of the bill returning to parliament tomorrow (3 December).
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NewsHow the PPF will pay inflation-linked compensation to FAS members
The PPF expects to begin paying inflation-linked compensation to members with pre-97 benefits from January 2027, subject to the progress of the Pension Schemes Bill.
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NewsBudget round-up: Leaks, sacrifices, and unexpected changes
Pensions Expert gathers all the essential pensions reading from chancellor Rachel Reeves’ 2025 Budget speech in one place, from salary sacrifice to surplus release, and pre-1997 indexation to the financial market reaction.
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NewsGovernment to introduce pre-97 indexation for PPF and FAS members
The chancellor has pledged to allow the Pension Protection Fund to share its reserves with members whose benefits do not automatically increase in line with inflation.
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NewsSPP warns against blanket law change on pre-1997 indexation
The Society of Pension Professionals has urged the government not to impose a universal requirement for DB schemes to grant inflation increases on pre-1997 pensions.
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In DepthIn Depth: The battle for pre-1997 indexation [updated]
Pensions Expert explores the debates around pre-97 indexation and how the Pension Protection Fund could use its reserves to support affected pensioners – if the government allows it.
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NewsAEAT Pension Scheme PAC inquiry findings imminent
The House of Commons public accounts committee is expected to publish the findings from its inquiry into the Atomic Energy Agency Technology Pension Scheme (AEAT) later this week.
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NewsDWP spends £13mn in arrears to FAS members due to court cases
The Department for Work and Pensions is estimating a total cost of £13mn in arrears paid to Financial Assistance Scheme members due to the implementation of recent court cases, its annual report and accounts have revealed.
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NewsTimms urges Opperman to reconsider FAS compensation cap
Work and Pensions Committee chair Stephen Timms has asked pensions minister Guy Opperman to reconsider the interest on arrears and the application of the compensation cap for Financial Assistance Scheme members.
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News
PPF benefit top-up met with anger from solvent FAS members
The Pension Protection Fund’s plan to top up compensation where members receive less than half of their original pension unfairly misses out some members of the Financial Assistance Scheme, according to a pensions campaign group.
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News
PPF to top up pensions to 50% ahead of legislation
On the go: The Pension Protection Fund is to begin topping up the benefits of members whose compensation has fallen below half of their original entitlement “as quickly as possible”, after a European court found its current payment structure unlawful.
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OpinionMember focus key to in-sourcing success
The Pension Protection Fund’s Sara Protheroe says moving member services and the administration of the Financial Assistance Scheme has improved the experience of those the scheme provides for, but such processes require serious commitment from all involved.
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OpinionDoors remain open as FAS prepares to close
As the Financial Assistance Scheme nears its closing date, Sue Rivas summarises the key facts and offers any remaining eligible schemes the chance to apply for funding.
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Features
How to insulate DC assets from insolvency risk
Amid a slew of insolvency cases, Pippa Stephens looks at how defined contribution schemes can avoid being faced with defined benefit debt.