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Occupational Pensions

We can bandy accusations all afternoon as to who is to blame for the collapse of occupational pension schemes, but that does not help the large number of my constituents who have lost some, if not all, of their pension savings following the collapse of the Richards pension scheme. Will my right hon. Friend take this opportunity to reiterate that the Government will stand behind those individuals who have lost large amounts of money and savings? The Government are the only body who can reimburse them for their loss, whether through the financial assistance scheme or any other mechanism. I am looking to the Secretary of State to reiterate that these people will be reimbursed in future.