In the FCA consultation paper on the redress scheme for former members of the British Steel Pension Scheme is a table of the comparison of benefits between BSPS2 (the new British Stell Pension Scheme) and the PPF (Pension Protection Fund). We have used this information to build redress templates for users of our platform.
We have added four new templates to the platform – two BSPS2 templates (split into pre-97 and post-97 benefits) and two PPF templates (split into pre-97 and post-97 benefits) which are applicable for a member with normal retirement age 65. Each template will have the required number of tranches with the specified revaluation and escalation parameters according to the FCA consultation paper.
Our Congruent Calculations™ platform is available for subscribed users.
