Financial help for people who cannot work due to ill-health
March 28th, 2008 by GilesPeople who have had to stop working due to ill health will soon be able to get early assistance from the Financial Assistance Scheme (FAS) according to an announcement by the Pensions Minister, Mike O’Brien.
Draft regulations, published today for consultation, will mean people who have to stop working early because of poor health will be able to get payments from the FAS up to five years before their scheme’s normal retirement age.
Additionally, proposals in these regulations will speed up payments by including a requirement for trustees and other relevant people to provide information three months before a member’s normal scheme retirement age, or within 14 days of a request for that information where the member is unable to work due to ill-health.
The consultation document is available on the Department’s website at http://www.dwp.gov.uk/consultations/2008/