FASt action required by qualifying pension plans

Earlier this year it was announced that the UK’s Financial Assistance Scheme (“FAS”) would close to applications from 1 September 2016.

This does not affect pension plans that are currently progressing through the notification and qualification process or pension plans that have already qualified for assistance. However, any qualifying pension plans that have not yet started the process need to move quickly as they now have less than a month to make a notification to the FAS.

Filed under:
European Union, United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Brexit, Liquidation, Annual report, Pension Protection Fund, Court of Justice of the European Union, Court of Appeal of England & Wales
Authors:
Jane Briggs
Location:
European Union, United Kingdom
Firm:
Squire Patton Boggs
FASt action required by qualifying pension plans

Earlier this year it was announced that the UK’s Financial Assistance Scheme (“FAS”) would close to applications from 1 September 2016.

This does not affect pension plans that are currently progressing through the notification and qualification process or pension plans that have already qualified for assistance. However, any qualifying pension plans that have not yet started the process need to move quickly as they now have less than a month to make a notification to the FAS.

Filed under:
European Union, United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Brexit, Liquidation, Annual report, Pension Protection Fund, Court of Justice of the European Union, Court of Appeal of England & Wales
Authors:
Jane Briggs
Location:
European Union, United Kingdom
Firm:
Squire Patton Boggs