This was published under the 2007 to 2010 Brown Labour government
This consultation has concluded
Read the full outcome
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Detail of outcome
This response is to the consultation that sought views on proposed changes to the synthetic buy-out basis used to calculate Financial Assistance Scheme (FAS) payments.
Original consultation
Summary
This consultation sought views on proposed changes to the synthetic buy-out basis used to calculate Financial Assistance Scheme (FAS) payments.
This consultation ran from to
Consultation description
皇冠体育app draft Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010, laid before Parliament on 3 February 2010, included provision for the assets remaining in relevant FAS-qualifying schemes to transfer to government.
皇冠体育app government took the opportunity to consult on related changes to the FAS synthetic buy-out basis that provided an estimate of the amount of bulk annuity that could have been secured for a cash sum from an insurer.
Who the consultation was aimed at
皇冠体育app consultation was aimed at pension industry professionals and others with an interest in defined-benefit occupational pension schemes. However, the government also welcomed feedback from members who might have been affected and their representatives.
Related documents
(Office of Public Sector Information website)
Documents
PDF, 325 KB, 44 pages
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