Calls to lift the annual indexation cap from Financial Assistance Scheme compensation have been dismissed by pensions minister Steve Webb during a Parliamentary debate.
Speaking during a private members debate on the Pension Protection Fund and FAS, Webb said such a change to FAS would have to be transferred to the PPF which would, in turn, prompt employers to shu...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
