O'Brien proposes early FAS payments for ill workers

Draft regulations, published today, mean people who have to stop working early because of poor health will receive FAS payments up to five years before their scheme’s normal retirement age. The consultation also proposes to speed up payments by including a requirement for trustees to provide information three months before a member’s normal scheme retirement age or within 14 days of a request for that information where the member cannot work due to ill health. The regulations will also remove the need for the FAS operational unit to wait until trustees apply for initial payments. O’B...