Early day motion tabled by primary sponsor Jenny Willott (Liberal Democrat), on Tuesday, 1 November 2011, in the House of Commons. It is signed by 14 members in total.

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BANKRUPTCY OF ALLIED STEEL AND WIRE

That this House notes the bankruptcy of Allied Steel Wire (ASW) in 2002 and the deficits of its company pension schemes; recognises the dedicated campaign of John Benson, Denis Kelleher and others aimed at restoring the pensions of ASW members; welcomes the expert advice and support they have received from Dr Ros Altman; and calls on the Government to negotiate with insurers to investigate the unwinding of the annuities of existing ASW pensioners to release additional funds, examine the case for allowing ASW employees to restore their contracted-out rights through deemed buyback and examine the case for raising the indexation cap within the Financial Assistance Scheme to bring to a close the long-running financial insecurity of the former ASW employees.

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Secondary information

Type

Early day motion

Reference

2348 

Session

2010-12

Other sponsors

Peter Bottomley

Elfyn Llwyd

Lord Brennan of Canton

Alun Cairns

David Simpson

Subjects

Insolvency Workplace pensions ASW

Link

View this Early day motion on www.parliament.uk