Early day motion tabled by primary sponsor Lord Watts (Labour), on Thursday, 9 December 2004, in the House of Commons. It is signed by 163 members in total.

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PENSION ASSISTANCE FUND

That this House notes that thousands of workers now face real hardship and reduced pension rights in their old age as a result of the fact that their pension schemes were in deficit when their employers' companies went into receivership or bankruptcy; welcomes the decision by the Government to set up a ??400 million Pension Assistance Fund; now calls on the pension industry to accept its moral responsibility for the present problems and to make a substantial contribution to the Government Pension Assistance Fund; and believes that such a contribution is the only way in which the industry can start to rebuild confidence in its products.

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Secondary information

Type

Early day motion

Reference

359 

Session

2004-05

Subjects

Financial assistance scheme Pensions Pension Protection Fund Pension rights

Link

View this Early day motion on www.parliament.uk