Pension Protection

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 8 October 2007.

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Photo of Mike O'Brien Mike O'Brien Minister of State (Pension Reform), Department for Work and Pensions 2:30, 8 October 2007

The financial assistance scheme assets review is being led by the Government Actuary, Andrew Young, and is considering the better use of the assets currently in failed pension schemes. The Government have indicated that we are prepared at least to match any extra funding that might arise out of the assets review. Further funding is therefore available. The Government have the goal of moving towards a 90 per cent. top-up rate, and we are determined to seek justice for pensioners.