UK Government announces help for 140,000 who lost pensions
Monday, December 17th, 2007The Government today announced a substantial package of help for up to 140,000 people who lost savings when their employer-sponsored pension schemes collapsed.
The Financial Assistance Scheme (FAS) will be extended so that:
- All scheme members will be guaranteed 90 per cent of their accrued pension at the date their scheme began wind-up. This will be subject to a cap of