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What is a scheme's normal pension age (for compensation and section 143 valuation and section 179 valuation purposes)?
Published: 06/04/2007
Associated Subjects: S143 Valuations, S179 Valuations, Normal Pension Age (NPA)
Associated Roles: Pensions Professionals, Trustees
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
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
What is a levy waiver and how do we apply for one in 2009/10?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Trustees, Pensions Professionals
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
My scheme has received a levy invoice but I am not sure if it is eligible as the employer is an unincorporated association. What should I do?
Published: 11/06/2009
Associated Subjects: Insolvency, Invoicing 2008/09, Invoicing 2009/10
Associated Roles: Employers, Insolvency Practitioners, Trustees
When must a s179 valuation be submitted in order for it to be taken into account in the calculation of the 2011/12 levy?
Published: 11/05/2009
Associated Subjects: S179 Valuations, Levy
Associated Levy SubCategories: Data Submission & Voluntary Certificates
Associated Roles: Pensions Professionals, Employers, Trustees
What happens if we refuse to pay the 2009/10 invoice on time?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Pensions Professionals, Trustees
How is the Fraud Compensation Fund funded?
Published: 28/03/2012
Associated Subjects: Fraud Compensation Fund
Associated Roles: General Interest
What happens if we are unable to pay our 2009/10 levy invoice on time?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Trustees, Pensions Professionals
When will I receive my 2009/10 levy invoice? Can you tell me in advance how much it will be?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Trustees, Pensions Professionals
Can I have extra copies of the levy booklet accompanying the 2009/10 invoice?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Trustees, Pensions Professionals
When may compensation from the FCF be paid?
Published: 02/09/2005
Associated Subjects: Fraud Compensation Fund
Associated Roles: General Interest
What is the latest version of the s179 assumptions?
Published: 12/10/2009
Associated Subjects: S179 Valuations
Associated Roles: Pensions Professionals
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
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
How are applications made to the Fraud Compensation Fund?
Published: 05/09/2005
Associated Subjects: Fraud Compensation Fund
Associated Roles: General Interest
How long will the Pension Protection Fund take to make a decision on an application to the FCF?
Published: 05/09/2005
Associated Subjects: Fraud Compensation Fund
Associated Roles: General Interest
How are applications to the Fraud Compensation Fund handled?
Published: 05/09/2005
Associated Subjects: Fraud Compensation Fund
Associated Roles: General Interest
How will the levy be calculated for a scheme which hasn’t had to submit a section 179 valuation yet?
Published: 20/12/2007
Associated Subjects: S179 Valuations, Levy
Associated Roles: Employers, Pensions Professionals, Trustees
When will I receive my 2008/09 levy invoice? Can you tell me in advance how much it will be?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Levy SubCategories: Invoicing
Associated Roles: Trustees, Employers
What happens if we are unable to pay our 2008/09 levy invoice on time?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Roles: Employers, Trustees
Can I have extra copies of the levy booklet accompanying the 2008/09 invoice?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Levy SubCategories: Invoicing
Associated Roles: Employers, Trustees
I have received my 2009/10 levy invoice but have since lost it. Can you send me a copy of the invoice?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Trustees, Pensions Professionals
Our scheme has been invoiced for more than one Pension Protection levy year within the current levy year. Is this correct?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Trustees, Pensions Professionals
Our scheme has been invoiced for both the 2008/09 and 2009/10 levy years within the same scheme financial year. Is this correct?
Published: 16/10/2009
Associated Subjects: Invoicing 2009/10
Associated Roles: Employers, Pensions Professionals
Does D&B take account of parental guarantees in its failure score? Does the Pension Protection Fund take them into account in the risk-based levy calculation?
Published: 16/06/2009
Associated Subjects: Failure Scores
Associated Levy SubCategories: Insolvency Risk, D&B
Associated Roles: Employers
How will my levy be calculated if I failed to submit my s179 before the 31 March 2008 deadline?
Published: 15/11/2007
Associated Subjects: Levy, S179 Valuations
Associated Levy SubCategories: Data Submission & Voluntary Certificates, Invoicing
Associated Roles: Pensions Professionals, Trustees, Employers
How is interest on late payments (IoLP) calculated?
Published: 20/09/2010
Associated Subjects: Interest on Late Levy Payments, Invoicing 2011/12
Associated Roles: Employers, Trustees, Pensions Professionals
I am not legally obliged to file accounts at Companies House, would it help if I gave them to D&B?
Published: 16/06/2009
Associated Subjects: Failure Scores
Associated Levy SubCategories: D&B, Insolvency Risk
Associated Roles: Employers
Why won’t the PPF use my credit rating instead of my failure score?
Published: 16/06/2009
Associated Subjects: Failure Scores
Associated Levy SubCategories: D&B, Insolvency Risk
Associated Roles: Employers
How should compensation be calculated to allow for GMP equalisation?
Published: 18/02/2013
Associated Subjects: Guaranteed Minimum Pension (GMP)
Associated Roles: Pensions Professionals
Does adopting FRS17 mean the deficit in the pension scheme is counted twice, once on the company balance sheet in D&B’s insolvency risk calculation and once as the section 179 deficit in the underfunding risk calculation?
Published: 16/06/2009
Associated Subjects: Failure Scores
Associated Levy SubCategories: D&B, Insolvency Risk, Underfunding Risk
Associated Roles: Employers
How do you calculate the level of compensation where a member has commuted part of his pension for a lump sum?
Published: 03/04/2007
Associated Subjects: Compensation Cap, Compensation
Associated Roles: Pensions Professionals
What happens to my FAS payments when I die?
Published: 22/07/2009
Associated Subjects: Financial Assistance Scheme
Associated Roles: Scheme members
Our scheme has been invoiced for both the 2007/08 and 2008/09 levy years within the same scheme financial year. Is this correct?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Levy SubCategories: Invoicing
Associated Roles: Employers, Trustees
I have received my 2008/09 levy invoice but have since lost it. Please can you send me a copy of the invoice?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Levy SubCategories: Invoicing
Associated Roles: Employers, Trustees
What happens if we refuse to pay the 2008/09 invoice on time?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Levy SubCategories: Invoicing
Associated Roles: Employers, Trustees
How does the 2009/10 levy scaling factor of 2.22 reconcile with that of 3.77 for the 2008/09 levy year?
Published: 16/06/2009
Associated Subjects: Levy
Associated Levy SubCategories: Scaling Factor, Structure
Associated Roles: Pensions Professionals, Employers, Trustees
How do you calculate “pensions increases” when a scheme enters an assessment period?
Published: 04/01/2006
Associated Subjects: Compensation
Associated Roles: Pensions Professionals, Trustees
Our scheme has been invoiced for more than one Pension Protection levy year within the current levy year. Is this correct?
Published: 11/06/2009
Associated Subjects: Invoicing, Invoicing 2008/09
Associated Levy SubCategories: Invoicing
Associated Roles: Employers, Trustees
We are in the process of preparing a draft s143 valuation for the purpose of determining the level of funding. What is the relevant time for the purposes of the date at which the valuation must be prepared?
Published: 14/11/2007
Associated Subjects: S143 Valuations
Associated Roles: Pensions Professionals
How do I know if my parent company is at severe risk of failure?
Published: 01/02/2010
Associated Subjects: D&B, Failure Scores, Levy
Associated Levy SubCategories: Insolvency Risk
Associated Roles: Employers, Pensions Professionals, Trustees
On commutation of a member's pension, do the pre and post 97 commutation factors apply in the same proportion as the member's pension relates to pre and post 97 service, or does a member have the facility to choose?
Published: 31/03/2006
Associated Subjects: Compensation, Commutation Factors
Associated Roles: Pensions Professionals, Trustees
How will you measure the insolvency risk of multi-employer schemes for the 2009/10 levy year?
Published: 16/06/2009
Associated Subjects: Levy, Failure Scores
Associated Levy SubCategories: Insolvency Risk, Multi-Employer Schemes
Associated Roles: General Interest
Can a decision in relation to an FCF application or payment be reviewed?
Published: 05/09/2005
Associated Subjects: Fraud Compensation Fund, Reviews / Reconsideration
Associated Roles: General Interest
Do schemes in assessment have to complete a section 179 valuation?
Published: 20/12/2007
Associated Subjects: S179 Valuations, Assessment Period
Associated Roles: Employers, Trustees, Pensions Professionals
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
Please could you confirm how the factors for adjusting the compensation cap (where compensation commences at ages other than 65) apply where the commencement age is not an integer?
Published: 06/04/2005
Associated Subjects: Compensation, Compensation Cap
Associated Roles: Pensions Professionals, Trustees
How will fraud compensation payments be made?
Published: 05/09/2005
Associated Subjects: Fraud Compensation Fund
Associated Roles: General Interest