Summary
The Government is under renewed pressure to improve compensation for the 125,000 victims of failed company pensions after it lost a vital House of Lords vote last week. The Lords backed a plan to improve the lifeboat fund that helps workers whose company pension funds were wound up without enough money to pay promised pensions in full. Peers from all parties voted in favour of the move.
The improved compensation package, contained in an amendment to the Government's Pensions Bill, would see all victims put on an equal footing.See the full content of this document
Extract
Pension Pressure Is Growing for Brown
This would dramatically improve payouts for those whose pensions were lost before April 2005, giving them a bigger income paid from the age they had first expecte...
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