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The Actuary The magazine of the Institute & Faculty of Actuaries

Pensions Board news: Scheme actuaries: FAS registration

At the request of the DWP, the board recently distributed a letter to all scheme actuaries asking for their assistance in identifying schemes which may be entitled to assistance under the Financial Assistance Scheme (FAS). The department would like to hear from all schemes that have wound up or are winding up which are not able to meet their liabilities in full. Information should be provided by an independent trustee, the scheme actuary, or the scheme administrator. The information being requested will later be used to facilitate the administration of the FAS and is different from that previously requested. Therefore, it is essential that schemes complete the online questionnaire at www.dwp.gov.uk/fas , even if they have previously provided the DWP with information. The department requests that information be provided by Friday 12 November 2004.