§ Mr. John TaylorTo ask the Secretary of State for Work and Pensions if he will take steps to resolve the case of Mr. Graham Cotton of Olton in Solihull, a Qa pensioner who has not received his compensation. [176232]
§ Malcolm WicksWe cannot comment on individual cases but have much sympathy with those who have lost out through the closure of occupational pension schemes.
That is why we have introduced the Pension Protection Fund. The Pension Protection Fund forms part of a substantial and balanced package of measures. It will significantly improve both protection for pension scheme members and confidence in pensions in general.
On the question of financial assistance for those who will not be covered by the Pension Protection Fund, I refer the hon. Member to the answer I gave on 7 June 2004, Official Report, column 82W.