18.03.2024 | By FCF Team FCF sets levy for 24/25 We’ve confirmed that the Fraud Compensation Fund (FCF) levy for 24/25 will be set at the same level as it was for the previous year.
18.12.2023 | By News Editor Our submission to Norton pension schemes select committee inquiry Our submission to the Work & Pensions Select Committee to support its inquiry into the Norton pension schemes and the Fraud Compensation Fund (FCF) has been published.
28.07.2022 | By News editor DWP consult on proposed changes to FCF regulations Take part in a new consultation on allowing us to make interim payments to schemes with exhausted assets.
01.11.2021 | By News Editor DWP consults on FCF levy from 2022/23 The Department for Work and Pensions (DWP) has launched a consultation on the future rate of the FCF levy.
21.10.2021 | By News Editor Compensation (LCF & FCF) Bill gets Royal Assent Our Annual Report and Accounts 2020/21 reported that the FCF’s assets at 31 March 2021 were £33.9m. At the same date, we’d already received nine claims totalling £47.3m, and we’re aware of 117 more possible applications totalling £358.1m.
28.06.2021 | By News Editor Fraud Compensation Fund eligibility criteria confirmed In a ruling on 6 November 2020, the High Court clarified how the legislation governing the FCF should be interpreted.
28.06.2021 | By News Editor Fraud Compensation Fund levy for 2021/22 confirmed Last November a court ruling clarified that occupational pension schemes set up as part of a scam were eligible to claim on the Fraud Compensation Fund(FCF)