Consultation outcome

The Financial Assistance Scheme: draft guidance relating to the transfer of scheme assets to government

This consultation was published under the 2005 to 2010 Labour government

This consultation has concluded

Download the full outcome

Government response to consultations on Financial Assistance Scheme Guidance relating to the Transfer of Assets to government and proposed revisions to the Synthetic Buy-Out Basis

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Detail of outcome

This document presents the main points made by respondents and provides the government’s response.

Original consultation

This consultation ran from to

Summary

This consultation sought views on draft guidance about the transfer of Financial Assistance Scheme assets to government.

Documents

The Financial Assistance Scheme: draft guidance relating to the transfer of scheme assets to government

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The Financial Assistance Scheme: information on the preparation of relevant accounts and guidance for actuaries to value particular assets to support FAS valuations

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Draft guide to valuation template

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Valuation data template

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The Financial Assistance Scheme: guidance to assist schemes to provide expected pension data in a way that ensures Financial Assistance Scheme payments are calculated on an equalised basis

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The Financial Assistance Scheme: example calculations for a valuation for relevant FAS-qualifying schemes

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Consultation description

This consultation sought views on the draft guidance to the Financial Assistance Scheme (FAS) (Miscellaneous Amendments) Regulations 2010, laid before Parliament on 3 February 2010, which included provision for the assets remaining in relevant FAS-qualifying schemes to transfer to government.

It also sought views on the government’s prepared guidance on how transferring schemes might deal with the impact of the guaranteed minimum pension on the equalisation (between men and women) of members’ expected pensions ahead of providing data to the FAS scheme manager.

The consultation has now closed. It ran from 28 January to 10 March 2010.