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Economics2h 27m ago
More than 300,000 pensioners are set to have their retirement savings topped up following a change in the law, with payments to begin from January 2027.
UK
Who
more than 300,000 pensioners, Pension Protection Fund (PPF), Financial Assistance Scheme (FAS)
What
More than 300,000 pensioners are set to have their retirement savings topped up following a change in the law, with payments to begin from January 2027.
When
Mon, 15 Jun 2026 15:57:37 GMT · 2h 27m ago
Where
UK ·
Why
A recent rule change, the Pension Schemes Act, allows the PPF and FAS to make additional inflation-linked payments to pensioners who missed out on inflation protection before 1997 from their former employers in collapsed firms.
The Frontline Impact
How this affects you
Over 300,000 pensioners, particularly those from failed companies, will receive inflation-linked increases to their pensions, potentially improving their financial security in retirement. This significant payout of almost £2 billion addresses a historical inequity for those who were previously denied inflation protection.
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1 event in this threadNo related history yet - this is the origin event.
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