Financial Assistance Scheme
Work and Pensions
Derek Wyatt (Sittingbourne and Sheppey, Labour)
To ask the Secretary of State for Work and Pensions what progress has been made towards securing the unclaimed assets of (a) Legal and General and (b) the Prudential for the financial assistance scheme.
James Purnell (Minister of State (Pensions Reform), Department for Work and Pensions; Stalybridge and Hyde, Labour)
holding answer on
The review has started and is being led by Andrew Young, Directing Actuary at the Government Actuary's Department. The review team has already met some key stakeholders and will be contacting others shortly to tell them about the review and to invite their contributions. The review will provide an initial view in the summer and will then report by the end of the year.