How to introduce a Financial Assistance Scheme
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 official figures estimating numbers affected by scheme wind-ups
Comments on the initial figures released by the DWP, estimating numbers affected by winding up pension schemes, who have lost most of their pensions.
Letters in Financial Times Regarding FSA Calling Employer Pensions aGuaranteed'
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.
Important Q & A about Compensation
Note outlining how and why Government funded compensation should be organised.
Revised Estimates of Compensation Costs, April 2004
New estimates of costs of compensation for victims of pension scheme wind-ups, based on figures from independent trustees and small insured schemes.
Official Quotes Showing How Members Were Misled
Examples of quotes from official documents which misled members into believing their pensions were safe.
Security of Occupational Pensions – What's gone wrong?
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 Calling for Compensation and Highlighting Case Studies
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.
First Research Estimates of Compensation September 2003
Original research to try to establish likely numbers of people affected by pension wind ups and potential maximum costs of compensation.
Pensions Summit Presentation Outlining Compensation Proposals
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.