» Monday, September 13, 2004


Asked if the Prime Minister would accept the ‘widespread characterisation’ of the UK’s pensions industry being ‘in crisis’ and the gap in provision having ‘exploded’ during his term in office, the PMOS said that this was a problem which was being confronted internationally, as well as in the UK, because of a huge range of factors. It was therefore important to approach it in two ways: firstly by dealing with the immediate issues, as we were doing through the Pension Bill which had set up the Pension Protection Fund which would guarantee protection if a company went bust. We had also set aside £400m for the Financial Assistance Scheme to help those who had already suffered from this problem. However, it was also important to address the longer term issues, as we were doing through the Pensions Commission, under the chairmanship of Adair Turner. The Commission was due to report its findings in the autumn. After that we would be able to have a sensible debate looking at the issue in the round, rather than turn the whole thing into some sort of blame game.

Briefing took place at 15:45 | Search for related news

No Comments »

No comments yet.

RSS feed for comments on this post.

Post a public comment

(You must give an email address, but it will not be displayed to the public.)
(You may give your website, and it will be displayed to the public.)


This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Downing Street Says...

The unofficial site which lets you comment on the UK Prime Minister's official briefings. About us...


September 2004
Mon Tue Wed Thu Fri Sat Sun
« Aug   Oct »

Supported by


Disruptive Proactivity

Recent Briefings



Syndicate (RSS/XML)



Contact Sam Smith.

This site is powered by WordPress. Theme by Jag Singh