The Information has been placed in the House of Commons Library.
The Financial Assistance Scheme (FAS) do not use the term “Assessment Phase”.
Non receipt of acceptable data from pension scheme trustees and administrators is the main reason for the delay in assessing pension scheme members' entitlement to the FAS. This could be because the data are incomplete, incorrect or are ambiguous, (for example containing additional information which needs to be clarified).
The information is as follows:
(a) Nine people who are entitled to FAS assistance have advised the FAS Operational Unit (FASOU) that they do not wish to receive payment. There are also 20 people who have been advised by FASOU that they are entitled, but whose reply to the FASOU to confirm the arrangements for payments has been outstanding for two months or more.
(b) 1,355 people are not receiving FAS assistance because they fell under the de minimis level. This figure includes members assessed for both initial and annual payments.
We are not aware of any such schemes.
All three pension schemes have qualified for the Financial Assistance Scheme (FAS) and are still winding up. The unfunded liability under FAS will not be known until winding up is completed.