Budget 25: PPF and FAS members to get pre-97 inflation protection

CPI-linked protections capped at 2.5% a year and will come into effect in January 2027

Martin Richmond
clock • 4 min read
Picture by Simon Dawson / Treasury
Image:

Picture by Simon Dawson / Treasury

Members of the Pension Protection Fund (PPF) and the Financial Assistance Scheme (FAS) will have pre-1997 pension accruals protected from Consumer Price Index (CPI) linked increases, the government has announced.

In the government's Budget document, published today (26 November), the government said It would protect members of the PPF and the FAS from the impact of inflation. It said the CPI-linked incre...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Fiduciary management - Adding bright sparks to your scheme

Partner Insight: Fiduciary management - Adding bright sparks to your scheme

Appointing SEI as fiduciary manager gave the trustees of the Schneider Electric pension schemes the confidence and the agility needed to guarantee member benefits. Richard Taylor, Pensions Manager at Schneider, explains the advantages.

SEI Investments
clock 25 November 2025 • 5 min read
Partner Insight: Buy-in vs. run-on - navigating risk and cost in light of DB surplus reforms

Partner Insight: Buy-in vs. run-on - navigating risk and cost in light of DB surplus reforms

Standard Life findings underscore uncertainty around DB surplus changes

Jack Hill, Director of Defined Benefit Solutions – Standard Life
clock 25 November 2025 • 3 min read
DB trustees making 'steady progress' towards endgame targets

DB trustees making 'steady progress' towards endgame targets

Standard Life research shows market volatility and illiquid assets remain key challenges

Martin Richmond
clock 24 November 2025 • 3 min read
Trustpilot