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date: 21 January 2010

embargo: For immediate release

TUC welcomes final piece in the jigsaw of the Financial Assistance Scheme

Commenting on the laying down of final legislation today (Thursday) for implementing the Financial Assistance Scheme (FAS), TUC General Secretary Brendan Barber said:

'The creation of the FAS is a real victory for unions' long campaign to compensate thousands of people whose pension schemes collapsed before the Pensions Protection Fund. These people lost their pensions through no fault of their own.

'Ministers should be applauded for their commitment to bringing the FAS into fruition and finding the necessary resources to do so.'

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Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Brenchley T: 020 7467 1337 M: 07900 910624 E: ebrenchley@tuc.org.uk

Press release (200 words) issued 21 Jan 2010