Firefighters' Pension Scheme and stock markets

Apr 7 2020

There has been a lot of disturbing news lately about the fall in stock markets and the potential resultant impact on pensions.

The Firefighters' Pension Scheme (FPS) is both a defined benefit pension scheme and a statutory scheme. The benefits are defined by the scheme regulations, guaranteed and not linked or subject to stock market performance.

FPS Scheme members can therefore be assured that both their contributions and their pension, whether in payment or built up to date, will be unaffected.