21 November 2007
Pensions reform minister, Mike O'Brien said that company pension
scheme wind-up victims will hear news on their fight for better
compensation in the very near future.
Mr O'Brien said that he could not make the commitment to boost
the levels of the Financial Assistance Scheme (FAS) compensation
payments to that of the Pension Protection Fund (PPF) but promised
improvements would be made following the final report from the
Young Review into how best to use assets in collapsed pension
schemes.
He said: "These people have suffered an injustice and I would
like to help them more. We hope we can do better going forward. I
can not give that commitment in that way at present but I will be
interested to see what Andrew Young has to say."
