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What is Financial Assistance Scheme mean?
The Financial Assistance Scheme (FAS) is part of the UK welfare system that offers help to members of eligible schemes who have lost out on their pension either because their employer became insolvent between 1 January 1997 and 5 April 2005,or is solvent but under a "compromise agreement" no longer has to meet its commitment to pay its debt to the pension scheme.
referencePosted on 29 Oct 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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