Work and Pensions Secretary Andrew Smith has been forced to admit that the Government will consider offering discretionary assistance to the 60,000 victims of wind-ups.
Speaking at an Opposition half day debate on crisis in pension scheme wind ups Smith said he would not raise 'false hopes' for the thousands of pensioners who have been left with little or no pension fund following the closure of their schemes. But Smith conceded that the Government is looking at offering discretionary assistance.
Smith said: “Whilst I do underline that it might not be possible to do anything we should not close off the opportunity of making some assistance available to some. The question of compensation does have implications of legal liability, which I do not accept. There is no doubt a case on human grounds.”