PEOPLE AFFECTED BY OCCUPATIONAL PENSIONS SCHEME WIND-UPS

Motion Text

That this House expresses its concerns about the continued distress of all those affected by the loss of their occupational pensions on wind-up; notes the reports from both the Parliamentary Ombudsman and the Public Administration Select Committee which identify the need for the Government to put together an effective resource package; is concerned that the measures introduced so far have been slower, and provided less help, than the measures introduced for members of Robert Maxwell's MGN pension scheme in the 1990s; believes that an effective compensation package could combine both taxpayer and non-taxpayer sources of funding; and recognises that such action is essential if future trust in pensions is to be established.