The government's decision to extend the Financial Assistance Scheme for workers who lost their pensions when their employers collapsed, is just more political spin, says a leading pensions campaigner.
The Department for Work and Pensions has confirmed it is to appeal against the verdict of the Judicial Review which found the government guilty of providing misleading information on the security of occupational pensions.
Following a court victory earlier this week pension campaigners are stepping up the pressure on the government to provide compensation with a special briefing note for MPs.
The Conservatives and Liberal Democrats intend to table amendments to the current Pensions Bill if the government refuses to act over the issue of compensation to thousands of workers who lost their pensions when their employers went bust.
The Department for Work and Pensions has hinted it may appeal the verdict of the judicial review which saw the judge rule in favour of the pensioner campaigners.
Pensioners pursuing the government for compensation after their pension schemes went bust will find out tomorrow if they have won their latest court battle.
The government has continued to deny accusations of maladministration in its response to a report by the Public Administration Select Committee.
The Financial Ombudsman Service caused a lot of anger among IFAonline readers last week with a double whammy in its monthly newsletter, attacking so-called ‘dramatic' claims and saying a small firms division is unnecessary.
‘Dramatic' claims against the Financial Ombudsman Service are unlikely to rock the foundations of the scheme, says chief ombudsman Walter Merricks.
Dr Ros Altmann, a former government adviser, has called on Gordon Brown to provide a "clear, simple solution" on compensation for pension campaigners.