The campaign by the Pensions Action Group…

The campaign by the Pensions Action Group, representing 125,000 workers who lost most or all, of their company pensions between 1997 and 2005 reaches a climax today as the Pensions Bill returns to The House of Commons.

MPs will be asked to vote on several cross party amendments)which received overwhelming endorsement in the House of Lords last month.

These clauses would improve the level of help given to all of these people via the Financial Assistance Scheme, to the level provided by the more generous Pension Protection Fund, which applies to schemes that failed after 2005.

It would also make payments immediately to those who have passed retirement age and yet are receiving no financial help at all. Many have died awaiting help, others are suffering due to the stress of losing their pension.

Let us hope that the 400-odd MPs of all parties who have signed various Early Day Motions in the past in support of these victims today vote with their consciences for these cross party amendments so that this matter can finally be resolved, and some confidence restored in company pensions.

For our new Prime Minister, who has made so much of his origins as a son of the manse and his wish to help the poorest sections of our society, rectifying this injustice should be top of his agenda.

Bookmark this article: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • blogmarks
  • BlogMemes
  • Reddit