ADEQUATE PROTECTION FOR PENSIONS

Motion Text

That this House, while welcoming the Government's Pension Protection Bill, and the security it will give to occupational pensions once the Bill comes into force at some future date, notes that tens of thousands of citizens who were compelled by law to belong to their company's pension scheme, and who have lost all or part of their pension entitlement, will be given no recompense at all; and calls on the Government to allow an amendment to the Bill so that this substantial group of citizens is fairly compensated from funds gained by levying unclaimed assets in banks and building societies.