FCFund

This is the official Twitter account for the Fraud Compensation Fund. Visit our website at

[FCFund @FraudCompFund]

We're no longer actively using this account. Please follow @FCFund1 for news and announcements from the Fraud Compensation Fund.

[FCFund @FraudCompFund]

Following the evidence session on the Norton pension schemes in March, we've responded to the @CommonsWorkPen questions. You can view the response on our website: https://t.co/3Db5v0tGQG

[FCFund @FraudCompFund]

This morning we gave evidence to the @CommonsWorkPen inquiry into the Norton pension schemes and the FCF. We're continuing to work with partners to process claims on the FCF as quickly as possible.

@ProtheroeSara

[FCFund @FraudCompFund]

Our CCO, Sara Protheroe, said: "I'm really conscious they've been waiting a long time for redress. I'm pleased to say that on 7 March we made a payment of £9.4m to the trustees of the Norton pension schemes for them then to distribute to members."

https://t.co/V4LkcrntoM

[BBC East Midlands @bbcemt]

Norton Motorcycles: Victims of missing pensions to be compensated https://t.co/83IKfkLP6c

[FCFund @FraudCompFund]

We’ve confirmed that the FCF levy for 24/25 will be set at the same level as it was for the previous year.

Find out more: https://t.co/Uw0BDgjE9C

[FCFund @FraudCompFund]

We've published our submission to the Work & Pensions Select Committee to support its inquiry into the Norton pension schemes and the Fraud Compensation Fund (FCF).

Read more on our website: https://t.co/nvGWLjmo2B

[FCFund @FraudCompFund]

Two members of our Legal team, Carly Rees and Emma Rubenstein, are in Manchester to speak at the annual Association of Pension Lawyers Conference in the 'Fraud Compensation Fund: implementation (following PPF v Dalriada)' session today.

[FCFund @FraudCompFund]

Today we’ve published our levy rules for 2023/24. Find out more by reading our latest news story here: https://t.co/hBikUXAs57

[ThePensionsRegulator @TPRgovuk]

Read our plan to combat pension scams. We aim to tackle the scourge of scammers by:  

- educating industry and savers on the threat of scams 

- preventing harmful practices

- prevention, disruption and punishment of criminals

https://t.co/L5vHKnfwth

[FCFund @FraudCompFund]

@DWP To learn more visit our website here: https://t.co/jTEodnFbAB

[FCFund @FraudCompFund]

We’re pleased that @DWP are consulting on changes that’ll allow us in certain circumstances to make interim payments to schemes whose assets are exhausted, helping to progress their @FraudCompFund claims. Have your say here: https://t.co/tfgmy0PW2C

[FCFund @FraudCompFund]

@Ariespensions @PPF DWP laid regulations on 10 March to increase the maximum FCF levy rates, following the end of their recent consultation. The PPF manages @Fraudcompfund but DWP sets the levy ceiling. TPR collects the levy on our behalf: https://t.co/RcL5RmqMsi

[ThePensionsRegulator @TPRgovuk]

You can help your scheme's savers make better retirement decisions: https://t.co/0MW6Yc3nSX

[ThePensionsRegulator @TPRgovuk]

Join us on Wednesday 30 March for a free webinar on pension scams. Book your place now. https://t.co/MaNgD2EyG8

[ThePensionsRegulator @TPRgovuk]

Pension providers, trustees and administrators have a duty to help protect members from the risks of scams. Raise awareness of the risks, educate yourself and pledge to combat pension scams.  Find out more https://t.co/x3pnUkKLWl

[FCFund @FraudCompFund]

If you’re wondering why the PPF can’t fund the FCF, it’s because the funds are entirely separate and there can’t be any lawful transfer between the two.

[FCFund @FraudCompFund]

We’ve received claims for FCF compensation totalling over £47.3m. We’re expecting many more claims to come and are aware of more than 100 pending applications, totalling £358.1m as at 31 March 2021.

[FCFund @FraudCompFund]

Based on regulations laid in Parliament today, we’ve confirmed the 2022/23 FCF levy will be £0.65 per member for Master Trusts and £1.80 per member for other eligible schemes,. Read more on our website https://t.co/RcL5RmqMsi