Issues of protecting workers pension rights are on the agenda today after reports the government is lagging in efforts to provide for those already hit, and a warning the Pension Protection Fund must avoid risky investments.
The Daily Telegraph says Whitehall has been stalling on collecting data from the tens of thousands of workers who have already been left without occupational pensions benefits despite saving in some cases for their entire working lives. The £400m Financial Assistance Scheme announced in May by the Department for Work and Pensions has waited “until the eleventh hour” to begin sending out questionnaires to trustees, the paper writes. FAS meanwhile is barely mentioned in the Pensions Bill set to hit its report stage in the House of Lords on 1 November, with the government warning it may...
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