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 Conservative party made a proposal that simply does not float. The Government Actuary clearly set out why it is not credible to try to manufacture such funding from something vaguely called unclaimed assets. The Government have offered taxpayers' money and a realistic proposal to bring together the assets of failed pension schemes better to ensure that they can provide for those who need justice. The Tories proposed nothing realistic; it was pure fantasy. This Government are determined to do justice to pensioners, and to do it properly.