Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010
2 April 2010
These Regulations complete the delivery of the remaining elements of the extensions to the Financial Assistance Scheme (FAS) announced on 17 December 2007, and include:
- the transfer of assets to government
- payment of lump sums in certain cases, and
- provision for those members of schemes who would have received more from their pension scheme than the assistance payments FAS would otherwise provide had their scheme continued to wind-up and purchase annuities rather than transfer assets.
Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010
Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009
10 July 2009
Regulations came into force on 10 July to make changes to the FAS assistance payable to those qualifying members whose schemes are not among those whose assets are being transferred to government. The regulations also implement certain changes to the management administration of FAS, including making the Board of the Pension Protection Fund (PPF) the FAS scheme manager.
Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009
Previous legislation pertaining to the FAS can be viewed on the DWP's site.