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Financial Assistance Scheme (FAS): overview
Practical Law UK Practice Note Overview 6-386-0895 (Approx. 11 pages)
Financial Assistance Scheme (FAS): overview
| Maintained • England, Scotland, Wales |
This practice note provides an overview of the Financial Assistance Scheme (FAS), the arrangement set up by the UK government in 2004 to compensate members of defined benefit schemes that wound up when they were underfunded.
The Financial Assistance Scheme closed to notification and qualification of new schemes on 1 September 2016.