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Proposal to make up pension losses

16 July 2007

Proposals to use pension assets which have been unclaimed, to help those people who lost their pension entitlement when their companies went bust are likely to be aired this week.

The news emerged at the same time as Gordon Brown announced he hoped to be able to guarantee closer to 90 per cent of lost pensions rather than the present 80 per cent, to those whose firms went bust before the Pension Protection Fund came into effect.

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