Summary
A GOVERNMENT fund designed to help 125,000 people whose company pension schemes have gone bust has paid out just Pounds 3.6 million to the needy since September 2005 - despite costing more than Pounds 7 million to set up and run.
The Financial Assistance Scheme (FAS), which employs more than 80 staff at its offices in York and London, has been allocated up to Pounds 2.3 billion to distribute.See the full content of this document
Extract
Pension Victims' Cash Spent On Pen-Pushers
Inexperienced government staff from a soon-to-be closed pensions office were shifted over to the FAS after it was set u...
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