On 27 March 2009, the Financial Assistance Scheme and Incapacity Benefit (Miscellaneous Amendments) Regulations 2009 (the Regulations) came into force. These Regulations will allow early payment of Financial Assistance Scheme (FAS) compensation to members of qualifying schemes who have reduced life expectancy, but are not terminally ill.
Compensation will be available to members of qualifying schemes who are aged at least 55 and who are suffering from a progressive disease meaning that they can reasonably be expected to die within five years. Additionally, members who have already reached normal pension age will be able to apply for retrospective payments for a period when they would have satisfied the reduced life expectancy test. The surviving spouse, civil partner or personal representative of deceased members will also be able to apply if they believe the member would have qualified for early payment of compensation in the period since May 2004.
View the Regulations.