Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS)

by Brian Spence   •  
Blog

Spent much of yesterday in connection with caseworkers from the Pension Protection Fund who are taking over the role of coordinating entry to the Financial Assistance Scheme. There is much that is wrong with pensions and retirement provision but the PPF and FAS are fantastic developments

Some members of schemes we administer would have received no benefit at all before their inception. The protection schemes are not perfect but they must be hailed as a significant achievement of the current government though it is unfashionable to give them credit for anything these days.

Preparing a pension scheme for the PPF or FAS is a major project and if you have a scheme that needs sorted out here is a link to our Pensions Protection Fund and Financial Assistance Scheme services.

Further reading

DB Schemes overspend £300m each year on unnecessary running costs and inefficiencies - Spence DB Scheme Running Costs Report

Press Release
by Alistair Russell-Smith   •  

Scheme funding has improved – now what?

Blog
by Graham Newman   •  

Pensions Accounting Update As at 31 March 2024

Blog
by Angela Burns   •  

More Insights?