Practical suggestions as to how to organise a compensation package for workers who lost their pensions on scheme wind-up. This could be a model for the Financial Assistance Scheme, if it has more money.
Comments on the initial figures released by the DWP, estimating numbers affected by winding up pension schemes, who have lost most of their pensions.
New estimates of costs of compensation for victims of pension scheme wind-ups, based on figures from independent trustees and small insured schemes.
Examples of quotes from official documents which misled members into believing their pensions were safe.
Presentation given at Pensions Management Institute Spring conference, 11th March 2004, discussing the case for compensation and asking PMI members to support this cause.
Press release ahead of Parliamentary debate on pensions, to call for the Government to compensate those who lost their pensions. This also includes case study examples of how the situation has affected the victims’ lives.
Original research to try to establish likely numbers of people affected by pension wind ups and potential maximum costs of compensation.
Presentation given at the aPensions Summit’ at House of Commons on 4th November 2003, explaining why and how Government should compensate members of employer final salary schemes who have lost their pensions on insolvency.
Press release issued in reaction to the surprise decision by the Maersk parent company to agree to honour its pension commitments to scheme members in full, even though the law does not require this. This is a awake up call’ to trustees and members to ensure they put proper pressure on other employers to do the same.
Article published in Pensions Week in November 2003 explaining the case for urgently agreeing compensation for workers who have lost their pensions in final salary schemes.