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Basic Payment Scheme 2015 – Exchange Rate

The exchange rate to be applied to the 2015 BPS payments has now been set at €1 = £0.73129.

The rate is set by taking the average of the European Central Bank exchange rate throughout September 2015.  This is the lowest it has been since September 2007 when €1 = £0.69680.

The RPA has announced that they will start to make full payments on BPS claims from December.  They aim to pay the majority in December and the vast majority by the end of January.

For further information on BPS please contact:

[team-member name=”Lucinda Riddell”]

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