FINANCIAL ASSISTANCE SCHEME

Motion Text

That this House notes with concern the anomalies and injustice caused by the operation of the Financial Assistance Scheme, and in particular that the sharp cut-off date has left many people who miss that date by just a few days without any compensating retirement income whatsoever, and that some people aged 58 years at the time their company scheme collapsed qualify for support while others aged 62 years do not; and calls upon the Government to consider urgently adapting the scheme to address these anomalies and to ensure that the scheme provides at least some assistance to those least able to replace their lost pension entitlements.