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Pensions: Financial assistance scheme

Volume 463: debated on Tuesday 17 July 2007

To ask the Secretary of State for Work and Pensions how many pension schemes in England and Wales are eligible for the financial assistance scheme. (147299)

The FAS operational unit does not hold the precise information requested specifically for schemes in England and Wales as in many cases the principal employer of the underfunded pension schemes are no longer in existence. They have therefore been provided with the address of the scheme trustee, administrator or the official receiver which does not reflect the location of the sponsoring employer of the pension scheme.

A total of 682 schemes have qualified for FAS assistance. This is correct up to and including the 22 June 2007.