What a piece of GOOD news for all the people whose lives have been blighted by this terrible pension scandal. The good news comes in this Reuters report (Lost pension rescue scheme boosted ) of a government announcement to-day (Monday December 17th)
The Reuters report says:-
The government announced more help on Monday for 141,000 people who lost their pensions when their company schemes were wound up.
Work and Pensions Secretary Peter Hain said a state-backed fund will be boosted by 935 million pounds to guarantee 90 percent of the value of the pensions.
Hain said the improvements represent “a generous and appropriate final settlement” for workers who had lost their pensions through no fault of their own.
Congratulations Peter Read the rest of this entry »