UK - Prime minister Tony Blair has agreed to consider proposals by one of his backbenchers to compensate workers who have lost their pensions through company insolvency.
During a private meeting with the MP for Cardiff West Kevin Brennan on Monday, the prime minister pledged to personally analyse plans to re-pay the workers – some 60,000 of whom have lost up to 90% of their entitlements.
Brennan said: “There is such a strong moral case to bring in some form of compensation, not least because trade unions are taking legal action on this issue and they are confident they have got a strong case.”
This week's edition of Professional Pensions is out now.
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