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Article: Row over refusal to pay pension cash could go to court.(Pensions Action Group)(Brief article)
- Article from:
- Money Marketing
- Article date:
- June 22, 2006
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The Pensions Action Group, led by former Treasury adviser Dr Ros Altmann, is seeking a judicial review of the Government's refusal to compensate members of collapsed company pension schemes.
The move follows the Department for Work and Pensions' rejection of a Parliamentary Ombudsman report which found the Government guilty of maladministration of occupational pension schemes and said it should compensate members who lost some or all of their pension benefits.
The refusal came despite the Government admitting in its formal response to Parliamentary Ombudsman Ann Abraham's report that the compensation bill would not cost taxpayers anywhere near as ...