Wonderful news! Press Release welcoming the announcement from Peter Hain, Secretary of State at DWP, that the FAS will be extended to put it on a par with the Pension Protection Fund, following publication of the Young Review.
Ros’ comments on what would be required for a reasonable settlement of the problems of the FAS to stop the issue dragging on any longer.
Ros highlights rumours that Numbers 10 and 11 Downing Street are refusing to allow the DWP Ministers to offer a proper extension of the Financial Assistance Scheme before Christmas, despite previous commitments.Â There seems to be a row in Government over this issue.
Announcement from Pensions Action Group of all-night vigil on 20-21 November outside Downing Street, calling for the Prime Minister and Chancellor to recognise how desperate their plight is and meet them to try to justify the Government’s refusal to pay proper compensation – especially after the 100% rescue of Northern Rock depositors.
Release explaining that – despite the winter weather – desperate pension victims will spend all night on the pavement in Whitehall outside Downing Street and deliver a letter begging for justice.
Article written for MoneyÂ Marketing explainingÂ how the Government’s refusal to offer fair compensation to victims of pension scheme wind-ups isÂ impossible to sustain after its decision to bail out Northern Rock savers 100% at a cost of billions of pounds of taxpayers’ money.
Article published in Daily Mail on 24 September 2007 explaining why the lack of compensation for pension victims is indefensible after the hurried bail-out of Northern Rock depositors.
Ros’ comments on extracts from Hansard showing the answers given by Tony Blair to questions from David Cameron which called for improvements to the FAS, asked for a Treasury emergency loan to be given to help his constituent who has leukaemia, is 68 and has had no pension and no FAS.
Release highlighting the injustice of Government immediately rescuing Northern Rock savers with a 100% guarantee, while continuing to maintain that taxpayers can’t compensate pension victims who have been struggling for years with no pension.
Article published in Money Marketing magazine explaining the injustices of bailing out Northern Rock savers 100% while offering pension savers far less security.