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<p>The taxpayer funded Financial Assistance Scheme (FAS) has been operational since
2005. It was set up to award financial assistance to members of eligible defined benefit
pension schemes which started to wind up underfunded between 1 January 1997 and 5
April 2005. Since it was established, the FAS has been extended and improved several
times, making the financial help more generous and encompassing more schemes and members.
Therefore, the Government does not intend to take any steps in response to the Pensions
Action Group.</p>
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