Financial Assistance Scheme (Miscellaneous Provisions) Regulations 2009 come into force

Implementation date: 10 July 2009

The Regulations amend the structure of financial assistance paid by the Financial Assistance Scheme (FAS) to members of certain occupational pension schemes who have lost all or part of their pensions as a result of their scheme being unable to pay full benefits. The Regulations also confer responsibility for the management of the FAS on the Board of the Pension Protection Fund. The Regulations can be viewed on the OPSI website.