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Forces Pension Society challenges threat to pension tax-free lump sum
There have been persistent rumours of reductions in the pension tax-free lump sum allowance. Back in October 2024, Forces Pension Society CEO, Maj Gen Neil Marshall wrote to the Chief Secretary to the Treasury on behalf of FPS Members and […]
New deadlines for the AFPS15 Remedy RSS plan
From the outset, the Forces Pension Society has urged the Government to fully resource the AFPS 15 Remedy Remediable Service Statement (RSS) rollout plan and to provide timely communications to affected members. It became apparent that the revised 30 Sep […]
Possible pension changes would undermine the Armed Forces Covenant Forces Pension Society warns Government
Fears that the Government may be considering a potential reduction in the pension Lump Sum Allowance (LSA) in the forthcoming budget have caused concern across the military community. The Forces Pension Society reports many of its 66,000 Members are expressing anxiety […]
Progress made on reducing Veterans’ Unclaimed Pensions!
Last year’s campaign launched by the Forces Pension Society and supported by the Office for Veterans’ Affairs working with the MoD, has begun to show tangible results. The latest AFPS Annual Report published in July, reveals a reduction in the […]
2024 AFCAS Research shows too many in Armed Forces still don’t understand the real value of their pension
The latest Armed Forces Continuous Attitude Study shows well under half (38%) of all those who responded (more than 9,000) expressed satisfaction with their pension. Compared with the 2023 results, there has been a decrease in satisfaction across the board, with […]
The importance of ticking all the right pension boxes before you leave
Right now, there are so many considerations to take into account before deciding to leave, or, if you have already decided, fixing exactly when to go, if you can. Choosing the right departure date carefully can make a significant difference […]
A New Year Guide to the AFPS15 Remedy
In a New year statement Neil Marshall, CEO of the Forces Pension Society said: “One of the most significant pension challenges in the year ahead concerns the implementation of the AFPS15 Remedy (McCloud). Many of those serving, are in-scope for […]
FPS campaign stimulates Government focus on Veterans’ unclaimed pensions
The campaign begun by the Forces Pension Society to assist Veterans to claim their pension rights is gathering momentum. This is partly a result of the publication of the latest AFPS Annual Report (July 2023) showing the number of unclaimed […]
Forces Pension Society applauds government commitment to Armed Forces pensions
Announcing to its membership the Government’s 10.1% increase in Armed Forces pensions in payment, the Society stressed the importance of pensions in the contract with those serving their country. Maj Gen Neil Marshall, CEO of the Forces Pension Society, said: […]
Why is pension satisfaction improving?
Maj Gen Neil Marshall, CEO Forces Pension SocietyThe latest Armed Forces Continuous Attitude Survey published in May shows an increase in pension satisfaction across all three services. Not since 2012 have the figures shown such a positive picture. That said, […]