Warm welcome for FAS pensions victory
Responding to the Government's announcement on the future of the Financial Assistance Scheme, TUC General Secretary Brendan Barber said:
'This is very welcome news and a real victory for the long union campaign for compensation for the victims of the schemes that collapsed before the Pensions Protection Fund could assist.
'It will be the best Christmas present imaginable for the thousands of workers who lost out, but who can now look forward to some security in retirement.
'Ministers deserve praise for finding the resources to fund this pledge. It now means that every member of a salary related pension fund is protected either by the Pensions Protection Fund or the Financial Assistance Scheme - protection that was resisted by previous Governments.'
Monday, 17 December 2007
Hain delivers pensions justice
The Government is finally sorting out the situation of people who have lost their pension entitlements because their occupational scheme failed. See this announcement from Peter Hain today. TUC reaction below. This is excellent news, especially coming just before xmas.