DWP consults on increasing FAS cap for long service

James Phillips
clock • 1 min read

The Department for Work and Pensions (DWP) is planning to increase the Financial Assistance Scheme's (FAS's) compensation cap for members with more than 20 years' service.

At present, compensation from FAS is limited to £34,229 a year, but the DWP wants this to be increased by 3% for each year of pensionable service over 20 years when people first became entitled to ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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