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This motion has been signed by a total of 159 MPs, 1 of these signatures have been withdrawn.

MP	Date	Constituency	Party	Type
Sandra Osborne	23/11/2004	Ayr	Labour	Proposed
Brian H Donohoe	23/11/2004	Cunninghame South	Labour	Signed
Irene Adams	23/11/2004	Paisley North	Labour	Signed
David Hamilton	23/11/2004	Midlothian	Labour	Signed
Janet Anderson	23/11/2004	Rossendale & Darwen	Labour	Signed
Anne Begg	23/11/2004	Aberdeen South	Labour	Signed
David Taylor	23/11/2004	North West Leicestershire	Labour Co-operative	Signed
Bill Tynan	23/11/2004	Hamilton South	Labour	Signed
Derek Wyatt	23/11/2004	Sittingbourne & Sheppey	Labour	Signed
Tom Clarke	23/11/2004	Coatbridge & Chryston	Labour	Signed
Russell Brown	23/11/2004	Dumfries	Labour	Signed
Rosemary McKenna	23/11/2004	Cumbernauld & Kilsyth	Labour	Signed
John Robertson	23/11/2004	Glasgow, Anniesland	Labour	Signed
Frank Roy	23/11/2004	Motherwell & Wishaw	Labour	Signed
Mohammad Sarwar	23/11/2004	Glasgow, Govan	Labour	Signed
Jimmy Hood	23/11/2004	Clydesdale	Labour	Signed
Joan Humble	23/11/2004	Blackpool North & Fleetwood	Labour	Signed
Mark Lazarowicz	23/11/2004	Edinburgh North & Leith	Labour Co-operative	Signed
David Marshall	23/11/2004	Glasgow, Shettleston	Labour	Signed
Ann McKechin	23/11/2004	Glasgow, Maryhill	Labour	Signed
Brian White	24/11/2004	North East Milton Keynes	Labour	Signed
Rudi Vis	24/11/2004	Finchley & Golders Green	Labour	Signed
Andrew Dismore	24/11/2004	Hendon	Labour	Signed
Jeremy Corbyn	24/11/2004	Islington North	Labour	Signed
Gregory Campbell	24/11/2004	East Londonderry	DUP	Signed
Patsy Calton	24/11/2004	Cheadle	Liberal Democrat	Signed
Alan Meale	24/11/2004	Mansfield	Labour	Signed
Rob Marris	24/11/2004	Wolverhampton South West	Labour	Signed
Brian Iddon	24/11/2004	Bolton South East	Labour	Signed
Nick Harvey	24/11/2004	North Devon	Liberal Democrat	Signed
Jim Sheridan	24/11/2004	West Renfrewshire	Labour	Signed
Sue Doughty	25/11/2004	Guildford	Liberal Democrat	Signed
Tony Colman	25/11/2004	Putney	Labour	Signed
Chris McCafferty	25/11/2004	Calder Valley	Labour	Signed
Adam Price	25/11/2004	Carmarthen East & Dinefwr	Plaid Cymru	Signed
Peter Bottomley	29/11/2004	Worthing West	Conservative	Signed
Harry Barnes	29/11/2004	North East Derbyshire	Labour	Signed
George Foulkes	29/11/2004	Carrick, Cumnock and Doon Valley	Labour Co-operative	Signed
Nigel Dodds	29/11/2004	Belfast North	DUP	Signed
John Cummings	29/11/2004	Easington	Labour	Signed
Michael Connarty	29/11/2004	Falkirk East	Labour	Signed
Chris Bryant	29/11/2004	Rhondda	Labour	Signed
Andy King	29/11/2004	Rugby & Kenilworth	Labour	Signed
Helen Jackson	29/11/2004	Sheffield, Hillsborough	Labour	Signed
John Hume	29/11/2004	Foyle	Social Democratic and Labour Party	Signed
David Drew	30/11/2004	Stroud	Labour Co-operative	Signed
Candy Atherton	30/11/2004	Falmouth & Camborne	Labour	Signed
Robert Wareing	30/11/2004	Liverpool, West Derby	Labour	Signed
Steve Webb	30/11/2004	Northavon	Liberal Democrat	Signed
Betty Williams	30/11/2004	Conwy	Labour	Signed
Mark Oaten	30/11/2004	Winchester	Liberal Democrat	Signed
Kevin McNamara	30/11/2004	Kingston upon Hull North	Labour	Signed
John McDonnell	30/11/2004	Hayes & Harlington	Labour	Signed
Syd Rapson	30/11/2004	Portsmouth North	Labour	Signed
Iris Robinson	30/11/2004	Strangford	DUP	Signed
Christine Russell	30/11/2004	Chester, City of	Labour	Signed
Nick Hawkins	30/11/2004	Surrey Heath	Conservative	Signed
Eric Illsley	30/11/2004	Barnsley Central	Labour	Signed
David Trimble	01/12/2004	Upper Bann	UUP	Signed
Roy Beggs	01/12/2004	East Antrim	UUP	Signed
Win Griffiths	01/12/2004	Bridgend	Labour	Signed
Sandra Gidley	01/12/2004	Romsey	Liberal Democrat	Signed
Jeffrey M Donaldson	01/12/2004	Lagan Valley	DUP	Signed
Ann Cryer	01/12/2004	Keighley	Labour	Signed
Harry Cohen	01/12/2004	Leyton & Wanstead	Labour	Signed
David Burnside	01/12/2004	South Antrim	UUP	Signed
Lady Hermon	01/12/2004	North Down	UUP	Signed
Martin Smyth	01/12/2004	Belfast South	UUP	Signed
John Austin	02/12/2004	Erith & Thamesmead	Labour	Signed
Janet Dean	02/12/2004	Burton	Labour	Signed
Albert Owen	02/12/2004	Ynys M	Labour	Signed
Iain Luke	02/12/2004	Dundee East	Labour	Signed
Nigel Jones	02/12/2004	Cheltenham	Liberal Democrat	Signed
David Tredinnick	06/12/2004	Bosworth	Conservative	Signed
Roger Berry	06/12/2004	Kingswood	Labour	Signed
Huw Edwards	06/12/2004	Monmouth	Labour	Signed
Alistair Carmichael	06/12/2004	Orkney & Shetland	Liberal Democrat	Signed
Richard Burden	06/12/2004	Birmingham, Northfield	Labour	Signed
Edward Leigh	06/12/2004	Gainsborough	Conservative	Signed
Debra Shipley	06/12/2004	Stourbridge	Labour	Signed
Andy Reed	07/12/2004	Loughborough	Labour Co-operative	Signed
Jim Dowd	07/12/2004	Lewisham West	Labour	Signed
John Barrett	07/12/2004	Edinburgh West	Liberal Democrat	Signed
Richard Younger-Ross	07/12/2004	Teignbridge	Liberal Democrat	Signed
Annabelle Ewing	08/12/2004	Perth	Scottish National Party	Signed
Jeff Ennis	08/12/2004	Barnsley East & Mexborough	Labour	Signed
Richard Page	08/12/2004	South West Hertfordshire	Conservative	Signed
Greg Pope	09/12/2004	Hyndburn	Labour	Signed
Alan Simpson	13/12/2004	Nottingham South	Labour	Signed
Stephen Hepburn	13/12/2004	Jarrow	Labour	Signed
Andrew George	14/12/2004	St Ives	Liberal Democrat	Signed
Don Foster	14/12/2004	Bath	Liberal Democrat	Signed
Edward Davey	14/12/2004	Kingston & Surbiton	Liberal Democrat	Signed
Menzies Campbell	14/12/2004	Fife North East	Liberal Democrat	Signed
Vincent Cable	14/12/2004	Twickenham	Liberal Democrat	Signed
Matthew Green	14/12/2004	Ludlow	Liberal Democrat	Signed
Mike Hancock	14/12/2004	Portsmouth South	Liberal Democrat	Signed
Alan Beith	14/12/2004	Berwick-upon-Tweed	Liberal Democrat	Signed
Gavin Strang	14/12/2004	Edinburgh East & Musselburgh	Labour	Signed
Sarah Teather	14/12/2004	Brent East	Liberal Democrat	Signed
Jenny Tonge	14/12/2004	Richmond Park	Liberal Democrat	Signed
Paul Tyler	14/12/2004	North Cornwall	Liberal Democrat	Signed
Paul Burstow	14/12/2004	Sutton & Cheam	Liberal Democrat	Signed
Annette Brooke	14/12/2004	Mid Dorset & North Poole	Liberal Democrat	Signed
John Pugh	14/12/2004	Southport	Liberal Democrat	Signed
David Rendel	14/12/2004	Newbury	Liberal Democrat	Signed
David Heath	14/12/2004	Somerton & Frome	Liberal Democrat	Signed
Paul Holmes	14/12/2004	Chesterfield	Liberal Democrat	Signed
Simon Hughes	14/12/2004	North Southwark & Bermondsey	Liberal Democrat	Signed
Paul Keetch	14/12/2004	Hereford	Liberal Democrat	Signed
Norman Lamb	14/12/2004	North Norfolk	Liberal Democrat	Signed
John Lyons	14/12/2004	Strathkelvin & Bearsden	Labour	Signed
Michael Moore	14/12/2004	Tweeddale, Ettrick & Lauderdale	Liberal Democrat	Signed
Lembit	14/12/2004	Montgomeryshire	Liberal Democrat	Signed
Tom Brake	14/12/2004	Carshalton & Wallington	Liberal Democrat	Signed
Colin Breed	14/12/2004	South East Cornwall	Liberal Democrat	Signed
Parmjit Gill	15/12/2004	Leicester South	Liberal Democrat	Signed
Edward Garnier	15/12/2004	Harborough	Conservative	Signed
David Chidgey	15/12/2004	Eastleigh	Liberal Democrat	Signed
Peter Bradley	15/12/2004	Wrekin, The	Labour	Signed
Eddie McGrady	15/12/2004	South Down	Social Democratic and Labour Party	Signed
Alan Reid	15/12/2004	Argyll & Bute	Liberal Democrat	Signed
David Crausby	16/12/2004	Bolton North East	Labour	Signed
Ann Widdecombe	20/12/2004	Maidstone & The Weald	Conservative	Signed
Stephen Dorrell	20/12/2004	Charnwood	Conservative	Signed
Jim Cunningham	20/12/2004	Coventry South	Labour	Signed
Kelvin Hopkins	20/12/2004	Luton North	Labour	Signed
Marsha Singh	20/12/2004	Bradford West	Labour	Signed
Tony Clarke	21/12/2004	Northampton South	Labour	Signed
Alan Hurst	21/12/2004	Braintree	Labour	Signed
Pete Wishart	10/01/2005	North Tayside	Scottish National Party	Signed
Phil Willis	10/01/2005	Harrogate & Knaresborough	Liberal Democrat	Signed
Keith Vaz	10/01/2005	Leicester East	Labour	Signed
Clive Betts	10/01/2005	Sheffield, Attercliffe	Labour	Signed
Malcolm Bruce	10/01/2005	Gordon	Liberal Democrat	Signed
Martin O'Neill	10/01/2005	Ochil	Labour	Signed
Geraldine Smith	10/01/2005	Morecambe & Lunesdale	Labour	Signed
Parmjit Dhanda	10/01/2005	Gloucester	Labour	Signed
Teddy Taylor	11/01/2005	Rochford & Southend East	Conservative	Signed
David Curry	12/01/2005	Skipton & Ripon	Conservative	Signed
David Heyes	13/01/2005	Ashton-under-Lyne	Labour	Signed
David Clelland	13/01/2005	Tyne Bridge	Labour	Signed
Alex Salmond	17/01/2005	Banff & Buchan	Scottish National Party	Signed
Michael Mates	17/01/2005	East Hampshire	Conservative	Signed
Jon Trickett	17/01/2005	Hemsworth	Labour	Signed
Roger Williams	17/01/2005	Brecon & Radnorshire	Liberal Democrat	Signed
Jon Owen Jones	18/01/2005	Cardiff Central	Labour Co-operative	Signed
Austin Mitchell	18/01/2005	Great Grimsby	Labour	Signed
Hugh Bayley	24/01/2005	York, City of	Labour	Signed
John Mann	26/01/2005	Bassetlaw	Labour	Signed
Richard Bacon	31/01/2005	South Norfolk	Conservative	Signed
Peter Robinson	09/02/2005	Belfast East	DUP	Signed
Paul Farrelly	21/02/2005	Newcastle-under-Lyme	Labour	Signed
Peter Pike	23/02/2005	Burnley	Labour	Signed
Piara S Khabra	23/02/2005	Ealing, Southall	Labour	Signed
Tony Lloyd	23/02/2005	Manchester Central	Labour	Signed
Quentin Davies	04/03/2005	Grantham & Stamford	Conservative	Signed
Brian Jenkins	21/03/2005	Tamworth	Labour	Signed
David Amess	Unknown			Withdrawn

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