Proceeding contribution from Clive Betts (Labour) in the House of Commons on Wednesday, 18 April 2007. It occurred during Debate on bill on Pensions Bill.
Pensions Bill
I want to return to an issue that was raised before. I know that the Minister said that he would address it later in his speech, but I hope that this is the right time to make this point. I have visited him with pensioners from my constituency who worked for the firm Tinsley Bridge, which is still in existence. Given that the firm is not in liquidation, its workers cannot at present be covered by the financial assistance scheme. However, the firm is not in liquidation only because the pension scheme decided not to pursue from the company the full amount due to it. The pension scheme has thus been wound up, so the workers in the scheme cannot join the PPF. The company’s pensioners and future pensioners are thus caught in a situation in which they cannot be part of the PPF or receive any help from the FAS. About 8,000 people in the country are affected in such a way. Can my hon. Friend give us any assurance that those workers will now be included in the FAS?
Secondary information
- Type
- Proceeding contribution
- Reference
- 459 c325
- Session
- 2006-07
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Carers Assets Age Annuities Eligibility Insolvency Financial assistance scheme Pension credit Personal savings Low incomes Protection Pay Workplace pensions Pensions Payments Personal pensions Means-tested benefits Pension funds Pension Protection Fund Pension rights State retirement pensions Reform Uprating Personal Accounts Delivery Authority State second pension
- Legislation
- Pensions Bill 2006-07
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 11:34:50 +0000
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