UK - It would be outrageous for the government to make those affected by the pension maladministration wait any longer for compensation, independent pension advisor Ros Altmann has claimed.
Judge David Bean yesterday ruled the government acted wrongly when it rejected the findings of an investigation into lost pensions, and Altmann said:
“Mr Hutton speaks about delays and taking time to consider, but how much longer do these people have to wait? It is outrageous to make them wait more, their lives are in ruins.”
Altmann further accused the government of trying to play down the significance of yesterday’s ruling. “This is real political spin at its worst,” she said.
The government confirmed it was considering an appeal against the ruling, but the four claimants who brought forward the case have requested that if there is an appeal, it goes straight to the House of Lords so that a final judgment is made quickly.
Over half of all MP’s in the commons have now signed Early Day Motions to support the claimants compensation.
The ruling has undoubtedly increased pressure on the government to consider paying compensation to those who have lost their pensions, something it has so far refused to do despite setting up the Financial Assistance Scheme (FAS) to help those affected.
So far the government has put just £400m into the FAS, and only a limited number of those affected qualify for help. However it has proposed increasing that figure to around £2bn.
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