PAG dismisses FAS cash

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Pensions Action Group campaigner Ros Altmann dismissed the chancellor's extra cash for the Financial Assistance Scheme as "mean-spirited".

Altmann – a former Downing Street pensions adviser – said Gordon Brown’s decision to increase the FAS from £2bn to £8bn in cash terms – or from £830m to £1.9bn in net present value terms – was nowh...

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