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...

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