Note prepared for DWP explaining why assets of occupational schemes in wind-up should not be used to buy annuities, but should be pooled, as will be the case for the PPF, to minimise costs of assistance and maximise potential pensions for victims.
Press Release welcoming the launch of a formal investigation by the Parliamentary Ombudsman into Government maladministration of occupational pensions and claims for compensation by victims of occupational scheme wind-ups.
Press release explaining why proposals for the Financial Assistance Scheme are inadequate and could help only a few hundred people, if annuities must be bought, rendering it a virtually empty gesture to rectify a huge social injustice.
Note explaining why the Government’s proposed £400m Financial Assistance Scheme is wholly inadequate and cannot rectify the injustices suffered by wind-up victims.
Press release discussing of figures released by the DWP, showing its estimates of numbers of people potentially eligible for the Financial Assistance Scheme.
Document prepared for Parliamentary Ombudsman, listing the detailed complaints of maladministration of occupational pensions by various Government departments. She is being asked to investigate these complaints, with a view to recommending compensation for the victims.
Guide to help members who have lost their pensions fill in the Parliamentary Ombudsman official complaint form. Instructions as to which sections to fill in, what evidence to submit and a copy of the form.
Article published in aThe Actuary’ magazine, entitled aThe Truth about Pensions’ explaining how the Treasury failed to listen to the Actuaries’ warnings about pension scheme wind-ups in 2000 and why compensation from the Government is essential in order to restore confidence in pensions.
Press release explaining that the FSA refuses to accept any responsibility for telling members of final salary schemes that their pensions were guaranteed, when in fact they weren’t. It criticises the double standards apparently being used by the Regulator.
Paper explaining double standards of the FSA, when using word aguaranteed’ in its own literature, to describe final salary pensions which were not guaranteed at all.