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35 items found.

When a scheme is being assessed or has entered the Pension Protection Fund can a scheme member transfer out?

Published: 06/04/2005
Associated Subjects: Compensation, Assessment Period
Associated Roles: Scheme members, Trustees, Pensions Professionals


My scheme has transferred to the PPF, but it will be some time before I reach the scheme’s pension age and I start receiving compensation. Will my compensation increase while I wait for it to be paid?

Published: 10/02/2012
Associated Subjects: Compensation
Associated Roles: Scheme members


How can I find out if my scheme is protected by the Pension Protection Fund?

Published: 06/04/2005
Associated Subjects: Compensation, Eligibility
Associated Roles: Scheme members


Under what conditions will the Pension Protection Fund assume responsibility for my pension scheme?

Published: 06/04/2005
Associated Subjects: Assessment Period, Compensation
Associated Roles: Scheme members


You can now find all Financial Assistance Scheme (FAS) FAQs in the FAS FAQ database. Please click for more details

Published: 03/09/2010
Associated Subjects: Financial Assistance Scheme
Associated Roles: Trustees, Scheme members, Pensions Professionals, Media, Jobseekers, Insolvency Practitioners, General Interest, Employers


What happens when the Pension Protection Fund receives a notice of a company’s insolvency?

Published: 06/04/2005
Associated Subjects: S120 Notice, Compensation, Insolvency
Associated Roles: Scheme members


I’ve not got any information about my old work pension – can the FAS help me find it?

Published: 22/07/2009
Associated Subjects: Financial Assistance Scheme
Associated Roles: Scheme members


My pension scheme began to wind up before 6th April 2005. Will it be eligible for the Pension Protection Fund?

Published: 06/04/2005
Associated Subjects: Compensation, Eligibility
Associated Roles: Scheme members


What happens to my FAS payments when I die?

Published: 22/07/2009
Associated Subjects: Financial Assistance Scheme
Associated Roles: Scheme members


I took early retirement and am in receipt of my pension. I have yet to reach my scheme’s normal pension age. When I retired I chose to commute part of my pension for a lump sum. How will this affect any compensation I might receive from the Pension Protection Fund if it assumes responsibility for my scheme?

Published: 06/04/2005
Associated Subjects: Compensation, Compensation Cap, Commutation Factors
Associated Roles: Scheme members


My scheme started to wind up after April 2005. Why can’t I get FAS payments?

Published: 22/07/2009
Associated Subjects: Financial Assistance Scheme
Associated Roles: Scheme members


Where in the legislation does it say PPF have the power to charge interest on late payments (IoLP)?

Published: 20/09/2010
Associated Subjects: Interest on Late Levy Payments
Associated Roles: Employers, Scheme members, Trustees


How much can I expect to receive from FAS?

Published: 22/07/2009
Associated Subjects: Financial Assistance Scheme
Associated Roles: General Interest, Pensions Professionals, Scheme members, Trustees


Once in payment, will my compensation from the Pension Protection Fund be increased at all?

Published: 06/04/2005
Associated Subjects: Compensation
Associated Roles: Scheme members


I am a deferred member of my employer’s pension scheme. I am currently 53 years old. If the Pension Protection Fund became involved with my scheme, would I have to wait until I reach my scheme’s normal pension age to receive my pension?

Published: 06/04/2005
Associated Subjects: Assessment Period, Compensation, Normal Pension Age (NPA)
Associated Roles: Scheme members


How does a scheme apply for the FAS?

Published: 22/07/2009
Associated Subjects: Financial Assistance Scheme
Associated Roles: Pensions Professionals, Scheme members, Trustees


Is the spouse’s compensation, where payable, half of the member’s pre-commutation or post-commutation compensation

Published: 05/04/2005
Associated Subjects: Compensation
Associated Roles: Pensions Professionals, Scheme members


Is eligibility for the pension protection levy the same as eligibility for PPF compensation?

Published: 14/09/2011
Associated Subjects: Eligibility, Compensation, Assessment Period
Associated Roles: Employers, Pensions Professionals, General Interest, Scheme members, Trustees


I am 62 and have taken early retirement under my scheme’s rule which allows members to take early retirement after the age of 50 on a full pension if they are made redundant (there is no reduction for early payment). My normal retirement date under the scheme rules is 65. Have I reached normal pension age?

Published: 20/01/2006
Associated Subjects: Compensation, Normal Pension Age (NPA)
Associated Roles: Scheme members


What happens if the Pension Protection Fund does not assume responsibility for a scheme?

Published: 06/04/2005
Associated Subjects: Assessment Period, Compensation, PPF - General Information
Associated Roles: Scheme members


My current scheme rules say that if I die, my spouse and children would receive a pension. If my scheme were to enter the Pension Protection Fund would this still be the case?

Published: 06/04/2009
Associated Subjects: Compensation
Associated Roles: Scheme members


What happens to my life assurance benefits if my scheme enters an Assessment Period?

Published: 06/04/2005
Associated Subjects: Assessment Period, Compensation
Associated Roles: Scheme members


I am 62 years old and 5 months and have retired early, two years ago when I was 60. My normal retirement date is my 65th birthday. If my scheme entered an assessment period now, how would the compensation cap be adjusted to reflect the fact that I am not 65? Would it take into account age in years and months?

Published: 06/04/2005
Associated Subjects: Compensation, Compensation Cap
Associated Roles: Scheme members


If my pension scheme qualifies for the Pension Protection Fund, what will happen to all the benefits I’ve accrued working for my employer?

Published: 06/04/2005
Associated Subjects: Compensation
Associated Roles: Scheme members


Please can you provide me details of schemes that are in an assessment period and those that have been unsuccessful?

Published: 06/05/2005
Associated Subjects: Assessment Period, Compensation, PPF - General Information
Associated Roles: Scheme members, Pensions Professionals


If an individual is a member of two different pension schemes which relate to employment with unconnected employers and the Pension Protection fund (coincidentally) assumes responsibility for both schemes, does the cap apply to both schemes taken together?

Published: 06/04/2006
Associated Subjects: Compensation, Compensation Cap
Associated Roles: Scheme members


Does the Pension Protection Fund assist anyone with a pension scheme?

Published: 05/04/2005
Associated Subjects: Compensation, PPF - General Information
Associated Roles: Scheme members


Do I have to declare the compensation I receive from the Pension Protection Fund to the Department for Work and Pensions?

Published: 24/06/2006
Associated Subjects: Compensation
Associated Roles: Scheme members


When did the Pension Protection Fund come into effect and how far back will it go i.e. will I need to have been a member of my pension scheme at a certain date to be eligible for compensation?

Published: 06/04/2005
Associated Subjects: Compensation, Eligibility, PPF - General Information
Associated Roles: Scheme members


Will the compensation cap increase each year in the future and if so by what factor?

Published: 01/04/2009
Associated Subjects: Compensation, Compensation Cap
Associated Roles: Scheme members


Will compensation in respect of pensionable service before April 1997 be increased in payment?

Published: 04/06/2009
Associated Subjects: Compensation
Associated Roles: Scheme members


Why won’t the PPF tell me how pensions legislation applies to my scheme?

Published: 14/09/2011
Associated Subjects: Eligibility, Legal Issues - General, Normal Pension Age (NPA)
Associated Roles: General Interest, Scheme members, Trustees


Can the PPF change the law, or provide a binding interpretation of the existing law?

Published: 14/09/2011
Associated Subjects: Legal Issues - General, PPF - General Information
Associated Roles: General Interest, Scheme members


My scheme has transferred to the PPF, and I am close to reaching the scheme's pension age. Do I have the option to take my PPF compensation at a later age?

Published: 26/04/2013
Associated Subjects: Compensation
Associated Roles: Scheme members


How am I affected by the changes to pensions flexibility which were introduced in April 2015?

Published: 15/04/2015
Associated Subjects: Compensation
Associated Roles: Scheme members