FAS

The Pensions Action Group supports Lord McFall's conclusions but said its members had already lived by many of his recommendations and still financially lost out.

The government must review Pension Protection Fund and Financial Assistance Scheme levels of benefits or risk seeing pensioners becoming much poorer, Susan Andrews warns.

The Department for Work and Pensions has launched a consultation to extend the rules of the Financial Assistance Scheme to insure schemes exempt from the Pension Protection Fund.

Two contracted-out schemes have transferred to the control of the Financial Assistance Scheme.

The Department for Work and Pensions has issued a formal consultation on proposals to shift the inflation link for increases in PPF and FAS payments from the retail prices index (RPI) to the consumer prices index (CPI).