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Financial Assistance Scheme

EDM number 40 in 2004-05, proposed by Sandra Osborne on 23/11/2004.

That this House recognises the suffering of those members of final salary schemes who have lost their pensions when their schemes were in wind-up and their need for urgent assistance; welcomes the provision of ú400 million for the Financial Assistance Schemes but is concerned that this is not a sufficient sum to provide the substantial assistance promised by the Government, asks the Government to consider pooling the assets of winding-up schemes, rather than purchasing annuities, and paying pensions on an ongoing basis, as will be the case with the Pension Protection Fund, so that costs to the Exchequer can be spread over a long period of time which would provide an affordable option without overburdening the public funds; notes that if the Financial Assistance Scheme lasts 20 years those people currently in their fifties will only be in their seventies when the Scheme runs out; further notes that estimates suggest that if the Government will commit to pay a sum of ú75 million a year, index linked, for 40 years into a central fund and pool all the assets of the schemes which have not yet bought annuities, promised pensions to non-retired members could be paid to at least the level of the Pension Protection Fund; calls on the Government to acknowledge that further resources will be required to fulfil the Government's desire to rectify this injustice and restore confidence in pensions; and finally urges the Government to settle this matter as soon as possible and in advance of a general election.

This motion has been ammended, see 40A1 and 40A2.

This motion has been signed by a total of 159 MPs, 1 of these signatures have been withdrawn.

MPDateConstituencyPartyType
Sandra Osborne23/11/2004AyrLabourProposed
John Robertson23/11/2004Glasgow, AnnieslandLabourSigned
Frank Roy23/11/2004Motherwell & WishawLabourSigned
Mohammad Sarwar23/11/2004Glasgow, GovanLabourSigned
Jimmy Hood23/11/2004ClydesdaleLabourSigned
Joan Humble23/11/2004Blackpool North & FleetwoodLabourSigned
Mark Lazarowicz23/11/2004Edinburgh North & LeithLabour Co-operativeSigned
David Marshall23/11/2004Glasgow, ShettlestonLabourSigned
Ann McKechin23/11/2004Glasgow, MaryhillLabourSigned
Rosemary McKenna23/11/2004Cumbernauld & KilsythLabourSigned
Russell Brown23/11/2004DumfriesLabourSigned
Tom Clarke23/11/2004Coatbridge & ChrystonLabourSigned
Brian H Donohoe23/11/2004Cunninghame SouthLabourSigned
Irene Adams23/11/2004Paisley NorthLabourSigned
David Hamilton23/11/2004MidlothianLabourSigned
Janet Anderson23/11/2004Rossendale & DarwenLabourSigned
Anne Begg23/11/2004Aberdeen SouthLabourSigned
David Taylor23/11/2004North West LeicestershireLabour Co-operativeSigned
Bill Tynan23/11/2004Hamilton SouthLabourSigned
Derek Wyatt23/11/2004Sittingbourne & SheppeyLabourSigned
Jim Sheridan24/11/2004West RenfrewshireLabourSigned
Nick Harvey24/11/2004North DevonLiberal DemocratSigned
Brian Iddon24/11/2004Bolton South EastLabourSigned
Rob Marris24/11/2004Wolverhampton South WestLabourSigned
Alan Meale24/11/2004MansfieldLabourSigned
Patsy Calton24/11/2004CheadleLiberal DemocratSigned
Gregory Campbell24/11/2004East LondonderryDUPSigned
Jeremy Corbyn24/11/2004Islington NorthLabourSigned
Andrew Dismore24/11/2004HendonLabourSigned
Rudi Vis24/11/2004Finchley & Golders GreenLabourSigned
Brian White24/11/2004North East Milton KeynesLabourSigned
Adam Price25/11/2004Carmarthen East & DinefwrPlaid CymruSigned
Chris McCafferty25/11/2004Calder ValleyLabourSigned
Tony Colman25/11/2004PutneyLabourSigned
Sue Doughty25/11/2004GuildfordLiberal DemocratSigned
John Hume29/11/2004FoyleSocial Democratic and Labour PartySigned
Helen Jackson29/11/2004Sheffield, HillsboroughLabourSigned
Andy King29/11/2004Rugby & KenilworthLabourSigned
Chris Bryant29/11/2004RhonddaLabourSigned
Michael Connarty29/11/2004Falkirk EastLabourSigned
John Cummings29/11/2004EasingtonLabourSigned
Nigel Dodds29/11/2004Belfast NorthDUPSigned
George Foulkes29/11/2004Carrick, Cumnock and Doon ValleyLabour Co-operativeSigned
Harry Barnes29/11/2004North East DerbyshireLabourSigned
Peter Bottomley29/11/2004Worthing WestConservativeSigned
Syd Rapson30/11/2004Portsmouth NorthLabourSigned
Iris Robinson30/11/2004StrangfordDUPSigned
Christine Russell30/11/2004Chester, City ofLabourSigned
Nick Hawkins30/11/2004Surrey HeathConservativeSigned
Eric Illsley30/11/2004Barnsley CentralLabourSigned
John McDonnell30/11/2004Hayes & HarlingtonLabourSigned
Kevin McNamara30/11/2004Kingston upon Hull NorthLabourSigned
Mark Oaten30/11/2004WinchesterLiberal DemocratSigned
David Drew30/11/2004StroudLabour Co-operativeSigned
Candy Atherton30/11/2004Falmouth & CamborneLabourSigned
Robert Wareing30/11/2004Liverpool, West DerbyLabourSigned
Steve Webb30/11/2004NorthavonLiberal DemocratSigned
Betty Williams30/11/2004ConwyLabourSigned
Martin Smyth01/12/2004Belfast SouthUUPSigned
Lady Hermon01/12/2004North DownUUPSigned
David Burnside01/12/2004South AntrimUUPSigned
Harry Cohen01/12/2004Leyton & WansteadLabourSigned
Ann Cryer01/12/2004KeighleyLabourSigned
Jeffrey M Donaldson01/12/2004Lagan ValleyDUPSigned
Sandra Gidley01/12/2004RomseyLiberal DemocratSigned
Win Griffiths01/12/2004BridgendLabourSigned
Roy Beggs01/12/2004East AntrimUUPSigned
David Trimble01/12/2004Upper BannUUPSigned
Nigel Jones02/12/2004CheltenhamLiberal DemocratSigned
Iain Luke02/12/2004Dundee EastLabourSigned
Albert Owen02/12/2004Ynys MLabourSigned
Janet Dean02/12/2004BurtonLabourSigned
John Austin02/12/2004Erith & ThamesmeadLabourSigned
Debra Shipley06/12/2004StourbridgeLabourSigned
Edward Leigh06/12/2004GainsboroughConservativeSigned
Richard Burden06/12/2004Birmingham, NorthfieldLabourSigned
Alistair Carmichael06/12/2004Orkney & ShetlandLiberal DemocratSigned
Huw Edwards06/12/2004MonmouthLabourSigned
Roger Berry06/12/2004KingswoodLabourSigned
David Tredinnick06/12/2004BosworthConservativeSigned
Andy Reed07/12/2004LoughboroughLabour Co-operativeSigned
Jim Dowd07/12/2004Lewisham WestLabourSigned
John Barrett07/12/2004Edinburgh WestLiberal DemocratSigned
Richard Younger-Ross07/12/2004TeignbridgeLiberal DemocratSigned
Richard Page08/12/2004South West HertfordshireConservativeSigned
Jeff Ennis08/12/2004Barnsley East & MexboroughLabourSigned
Annabelle Ewing08/12/2004PerthScottish National PartySigned
Greg Pope09/12/2004HyndburnLabourSigned
Alan Simpson13/12/2004Nottingham SouthLabourSigned
Stephen Hepburn13/12/2004JarrowLabourSigned
John Pugh14/12/2004SouthportLiberal DemocratSigned
David Rendel14/12/2004NewburyLiberal DemocratSigned
David Heath14/12/2004Somerton & FromeLiberal DemocratSigned
Paul Holmes14/12/2004ChesterfieldLiberal DemocratSigned
Simon Hughes14/12/2004North Southwark & BermondseyLiberal DemocratSigned
Paul Keetch14/12/2004HerefordLiberal DemocratSigned
Norman Lamb14/12/2004North NorfolkLiberal DemocratSigned
John Lyons14/12/2004Strathkelvin & BearsdenLabourSigned
Michael Moore14/12/2004Tweeddale, Ettrick & LauderdaleLiberal DemocratSigned
Lembit 14/12/2004MontgomeryshireLiberal DemocratSigned
Tom Brake14/12/2004Carshalton & WallingtonLiberal DemocratSigned
Colin Breed14/12/2004South East CornwallLiberal DemocratSigned
Annette Brooke14/12/2004Mid Dorset & North PooleLiberal DemocratSigned
Paul Burstow14/12/2004Sutton & CheamLiberal DemocratSigned
Vincent Cable14/12/2004TwickenhamLiberal DemocratSigned
Menzies Campbell14/12/2004Fife North EastLiberal DemocratSigned
Edward Davey14/12/2004Kingston & SurbitonLiberal DemocratSigned
Don Foster14/12/2004BathLiberal DemocratSigned
Andrew George14/12/2004St IvesLiberal DemocratSigned
Matthew Green14/12/2004LudlowLiberal DemocratSigned
Mike Hancock14/12/2004Portsmouth SouthLiberal DemocratSigned
Alan Beith14/12/2004Berwick-upon-TweedLiberal DemocratSigned
Gavin Strang14/12/2004Edinburgh East & MusselburghLabourSigned
Sarah Teather14/12/2004Brent EastLiberal DemocratSigned
Jenny Tonge14/12/2004Richmond ParkLiberal DemocratSigned
Paul Tyler14/12/2004North CornwallLiberal DemocratSigned
Alan Reid15/12/2004Argyll & ButeLiberal DemocratSigned
Eddie McGrady15/12/2004South DownSocial Democratic and Labour PartySigned
Peter Bradley15/12/2004Wrekin, TheLabourSigned
David Chidgey15/12/2004EastleighLiberal DemocratSigned
Edward Garnier15/12/2004HarboroughConservativeSigned
Parmjit Gill15/12/2004Leicester SouthLiberal DemocratSigned
David Crausby16/12/2004Bolton North EastLabourSigned
Marsha Singh20/12/2004Bradford WestLabourSigned
Kelvin Hopkins20/12/2004Luton NorthLabourSigned
Jim Cunningham20/12/2004Coventry SouthLabourSigned
Stephen Dorrell20/12/2004CharnwoodConservativeSigned
Ann Widdecombe20/12/2004Maidstone & The WealdConservativeSigned
Alan Hurst21/12/2004BraintreeLabourSigned
Tony Clarke21/12/2004Northampton SouthLabourSigned
Parmjit Dhanda10/01/2005GloucesterLabourSigned
Geraldine Smith10/01/2005Morecambe & LunesdaleLabourSigned
Martin O'Neill10/01/2005OchilLabourSigned
Malcolm Bruce10/01/2005GordonLiberal DemocratSigned
Clive Betts10/01/2005Sheffield, AttercliffeLabourSigned
Keith Vaz10/01/2005Leicester EastLabourSigned
Phil Willis10/01/2005Harrogate & KnaresboroughLiberal DemocratSigned
Pete Wishart10/01/2005North TaysideScottish National PartySigned
Teddy Taylor11/01/2005Rochford & Southend EastConservativeSigned
David Curry12/01/2005Skipton & RiponConservativeSigned
David Heyes13/01/2005Ashton-under-LyneLabourSigned
David Clelland13/01/2005Tyne BridgeLabourSigned
Alex Salmond17/01/2005Banff & BuchanScottish National PartySigned
Michael Mates17/01/2005East HampshireConservativeSigned
Jon Trickett17/01/2005HemsworthLabourSigned
Roger Williams17/01/2005Brecon & RadnorshireLiberal DemocratSigned
Jon Owen Jones18/01/2005Cardiff CentralLabour Co-operativeSigned
Austin Mitchell18/01/2005Great GrimsbyLabourSigned
Hugh Bayley24/01/2005York, City ofLabourSigned
John Mann26/01/2005BassetlawLabourSigned
Richard Bacon31/01/2005South NorfolkConservativeSigned
Peter Robinson09/02/2005Belfast EastDUPSigned
Paul Farrelly21/02/2005Newcastle-under-LymeLabourSigned
Peter Pike23/02/2005BurnleyLabourSigned
Piara S Khabra23/02/2005Ealing, SouthallLabourSigned
Tony Lloyd23/02/2005Manchester CentralLabourSigned
Quentin Davies04/03/2005Grantham & StamfordConservativeSigned
Brian Jenkins21/03/2005TamworthLabourSigned
David AmessUnknownWithdrawn

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