Exchange of letters published in the FT on 15th May and 22nd May, regarding the Financial Services Authority’s attempts to justify wrongly telling members of employer schemes that their pensions were aguaranteed’, and failing to warn of the risks.
Note outlining how and why Government funded compensation should be organised.
Press release announcing that members of final salary schemes who have lost their pensions will ask their MP’s to request an investigation by the Parliamentary Ombudsman into claims of maladministration by the Treasury, FSA and DWP, who assured members that their pensions were guaranteed and safe and have not offered sufficient compensation to make up for their losses.
Press release calling on Government to add to the Â£20m a year which they have so far agreed to pay to aassist’ members who have lost their employer pensions.
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.
Presentation given at Pensions Management Institute Spring conference, 11th March 2004, discussing the case for compensation and asking PMI members to support this cause.
Examples of quotes from official documents which misled members into believing their pensions were safe.
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.