Financial Assistance Scheme

Work and Pensions written question – answered on 20th December 2004.

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Photo of Ms Annabelle Ewing Ms Annabelle Ewing Spokesperson (Social Security (SNP Shadow Scottish Minister); Education & Skills; Home Office; Law Officers; Work & Pensions)

To ask the Secretary of State for Work and Pensions what estimate of average payout underpinned the £400 million total for the financial assistance scheme.

Photo of Malcolm Wicks Malcolm Wicks Minister for pensions, Department for Work and Pensions

None. The Government believe, taking account of available information on numbers involved, that £400 million should provide substantial help for those most seriously affected by failure of their pension schemes. But the size of average payments will depend on a number of factors, including the assistance levels for those facing the most urgent difficulties on which I refer the hon. Member to the Written Statement I gave on 2 December 2004, Hansard, columns 64–66WS and the precise numbers and circumstances of eligible individuals.

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