Govt to fast-track FAS payments

The Government’s consultation on the move to increase FAS payments to 90% from people’s normal retirement will run for two weeks from today instead of the usual 12. The Government aims to gain approval in May before the Whitsun recess. O’Brien says: “The shorter written consultation period will enable the FAS operational unit to work with the trustees of the affected schemes to ensure that, from the end of May, they are in a position to start paying qualifying members 90% of their accrued pensions - from their scheme normal retirement age. Our aim will be to ensure that all existing case...