Wicks outlines FAS eligibility

Wicks has announced that underfunded pension schemes, which began to wind up between 1 January 1997 to 5 April 2005 - the implementation date for the Pension Protection Fund (PPF) - would be potentially eligible for aid from the FAS. The decision is a result of information gathered on affected schemes and conversation with industry, Wicks says, adding: “Our research shows that for the majority of people this has been after January 1997.” "The 1st January 1997 start date, alongside the commitment we made last month to provide help for those schemes affected between May 2004 and the sta...