Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010 come into force
Implementation date: 2 April 2010
The Regulations amend the Financial Assistance Scheme Regulations 2005 (SI 2005/1986) that allow for payments to be made to members or former members of certain occupational pension schemes where the liabilities of the scheme to those members have not been satisfied in full. The Regulations make provision for the transfer of pension scheme assets to the Government and for payments to be made to pension scheme members whose assets are taken over by the Government and who would otherwise have been paid solely by their pension schemes. The Regulations (PDF format, 254K) can be viewed on the OPSI website.