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Proceeding contribution from John Denham (Labour) in the House of Commons on Thursday, 16 March 2006. It occurred during Ministerial statement on Occupational Pensions.


Occupational Pensions

My right hon. Friend talked about extending the financial assistance scheme. When he does that, will he bear in mind that there is a group of schemes, including the APW scheme in Hampshire, in which the employer is still solvent, but the trustees were effectively forced into compromise with no option, with the loss of a significant part of individuals’ pensions? So far, the Government have set their face against extending the financial assistance scheme to schemes such as APW. Will he give me an assurance that in the review that is taking place he will look afresh at that group of schemes to see whether assistance can be offered, because those people have suffered just as much as anybody else, and through no fault of their own?


Secondary information

Type
Proceeding contribution
Reference
443 c1631 
Session
2005-06
Chamber / Committee
House of Commons chamber
Subjects
Compensation Department for Work and Pensions Department of Social Security Liability Leaflets Maladministration Workplace pensions Misrepresentation Parliamentary Commissioner for Administration Pension funds Pension rights
Legislation
Pensions Act 1995
Link
View this Proceeding contribution on www.publications.parliament.uk