Pension News DWP Smith Comments On The Pensions Bill 2998082
DWP – Smith comments on the Pensions Bill
12 February 2004
Protection Fund will provide new security for pension scheme members.
Mr Smith explained: ‘Where companies with under-funded pensions have gone bust, workers have found themselves severely short-changed on the pension they were expecting. With the Pension Protection Fund, people in pension schemes can be much surer that they will get the pension they were promised.’