UK - The Pensions Action Group has said its all-night vigil outside Downing Street last night was successful, with both the minister for pensions reform Mike O'Brien and shadow work and pensions secretary Chris Grayling making an appearance
The pensioners were protesting the government’s bail-out of Northern Rock, while victims of pension scheme wind-ups still wait for compensation.
Pensioners also delivered a letter asking the prime minister and chancellor to explain why they continue to wait for the issue of compensation to be resolved.
Speaking on behalf of the pensioners, Andrew Parr said: “Chris Grayling did, indeed, attend and he left a welcome bottle of single malt whisky to keep us warm.
“Amazingly Mike O'Brien also turned up and talked at length with us, particularly the widows.”
Parr said O'Brien was sympathetic, and gave the impression the government was keen to get the situation sorted.
He said the pensioners next step was to await the release of a report from senior government actuary Andrew Young.
Young was appointed to review the government’s Financial Assistance Scheme (FAS), set up to compensate the 125,000 people who lost their occupational pensions when their employers went bust.
The report is expected at the end of this month.
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