DWP to extend help for failed pension schemes

In a consultation launched on Friday the DWP asked for views on the draft FAS Regulations 2011. The consultation was a direct response to the PPF exemption of the George and Harding (G&H) pension scheme after its funding collapse in 2009. G&H members were denied access to the PPF due to a legal technicality, despite the trustees of the scheme having paid levies to the PPF. The DWP confirmed G&H scheme members would qualify for the FAS under the new rules. Pensions minister Steve Webb said: "It is unfair G&H scheme members fell outside the pension protection regime. "That is w...