Financial Assistance Scheme: equalisation of members' expected pensions

How the guaranteed minimum pension affects equalisation (between men and women) of members' expected pension in schemes transferring to FAS.


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

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The Financial Assistance Scheme (FAS) offers help to some people who have lost out on their occupational pension scheme because their sponsoring employer has become insolvent.

This publication is for trustees of pension schemes that are transferring to the FAS. It provides guidance on how they 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.

More information on the Financial Assistance Scheme

For more information about FAS, and guidance for pension scheme members and pension professionals visit the Financial Assistance Scheme website.

Published 9 April 2010