Welcome to the Fraud Compensation Fund

We pay compensation to occupational pension schemes whose scheme assets have been reduced due to an offence involving dishonesty.

Who we are

Apply for compensation

We consider applications in line with legislation. Find out if your scheme is eligible.

How to apply

How we’re funded

We’re funded by a levy on eligible pension schemes.

Find out more

News

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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.
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10.03.2022 | By FCF Team
FCF levy for 2022/23 confirmed
The Department for Work and Pensions (DWP) has today announced the Fraud Compensation Fund (FCF) annual levy.
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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.
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21.10.2021 | By News Editor
Compensation (LCF & FCF) Bill gets Royal Assent
Parliament has approved legislation to allow the Department for Work and Pensions to give us a loan.
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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.
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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).

Publications

SIP FCF
FCF statement of investment principles
Read how the Fraud Compensation Fund is invested
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ARA 2020/21
PPF annual report and accounts
The Board of the Pension Protection Fund reports on the Fraud Compensation Fund in its annual report and accounts.
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