The Treasury is clawing back millions of pounds in tax from a government fund set up to help people whose occupational pension schemes collapsed, according to the Scotsman .
The revelation has led to accusations the government has been exaggerating the amount of money it will pay out to pensioners through the Financial Assistance Scheme (FAS). While ministers have frequently said they are setting aside £400m for the scheme, they have not made clear that about £88m will remain in government coffers, simply transferring from the Department of Work and Pensions (DWP) to the Treasury, says the paper. THE TREASURY Select Committee said in a report published yesterday it would name and shame banks which failed in the adequate provision of bank accounts for the ...
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