“FAS” is for life, not just for Christmas


Campaigners for those affected by pension scheme closures may well be raising a glass of bubbly to the Government and the Young Review, following a joint announcement on 17 December 2007. As a result of the announcement, the Financial Assistance Scheme (FAS) will be extended so that those eligble for help will now receive 90% of their promised benefits (subject to a cap). Also, around 11,000 people in schemes wound up with qualifying solvent employers will become eligible.

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