Forum Brief: Pensions

Ministers have been told that they face a serious backbench revolt unless they swiftly come up with compensation for thousands of workers who lost their pensions when their firms collapsed.

Government Response: HM Treasury

A spokesman for the Treasury said: "Officials are working intensively to find a resolution, but it may be some way off.

"Everyone wants to find a solution and all the departments involved are working together closely. But it would be wrong to raise expectations".

Forum Response: Age Concern

Director general of Age Concern England Gordon Lishman said: "We fully support the cross-party amendment to the Pensions Bill to help compensate the 60,000 workers who have been left with next to nothing through no fault of their own and urge the government to adopt it.  Justice demands that the people who believed their pensions were safe should not lose out because of circumstances beyond their control.