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FINANCIAL ASSISTANCE SCHEME

EDM (Early Day Motion) 40: tabled on 23 November 2004

Tabled in the 2004-05 session.

This motion has been signed by 159 Members. It has received 2 amendments.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Amendments to this motion

There have been 2 amendments submitted to this motion.

View details of the amendments

Motion text

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.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Barnes, Mr Harry
Labour
Signed on 29 November 2004
North East Derbyshire
Barrett, John
Liberal Democrat
Signed on 7 December 2004
Edinburgh West
Bayley, Hugh
Labour
Signed on 24 January 2005
City of York
Begg, Dame Anne
Labour
Signed on 23 November 2004
Aberdeen South
Beggs, Mr Roy
Ulster Unionist Party
Signed on 1 December 2004
East Antrim
Beith, Sir Alan
Liberal Democrat
Signed on 14 December 2004
Berwick-upon-Tweed
Berry, Dr Roger
Labour
Signed on 6 December 2004
Kingswood
Betts, Mr Clive
Labour
Signed on 10 January 2005
Sheffield, Attercliffe
Bottomley, Sir Peter
Conservative
Signed on 29 November 2004
Worthing West
Bradley, Peter
Labour
Signed on 15 December 2004
The Wrekin
Brake, Tom
Liberal Democrat
Signed on 14 December 2004
Carshalton and Wallington
Breed, Mr Colin
Liberal Democrat
Signed on 14 December 2004
South East Cornwall
Brooke, Annette
Liberal Democrat
Signed on 14 December 2004
Mid Dorset and North Poole
Brown, Mr Russell
Labour
Signed on 23 November 2004
Dumfries
Bruce, Malcolm
Liberal Democrat
Signed on 10 January 2005
Gordon
Bryant, Chris
Labour
Signed on 29 November 2004
Rhondda
Burden, Richard
Labour
Signed on 6 December 2004
Birmingham, Northfield
Burnside, David
Ulster Unionist Party
Signed on 1 December 2004
South Antrim
Burstow, Paul
Liberal Democrat
Signed on 14 December 2004
Sutton and Cheam
Cable, Dr Vincent
Liberal Democrat
Signed on 14 December 2004
Twickenham
Calton, Mrs Patsy
Liberal Democrat
Signed on 24 November 2004
Cheadle
Campbell, Mr Gregory
Democratic Unionist Party
Signed on 24 November 2004
East Londonderry
Campbell, Sir Menzies
Liberal Democrat
Signed on 14 December 2004
North East Fife
Carmichael, Mr Alistair
Liberal Democrat
Signed on 6 December 2004
Orkney and Shetland
Chidgey, Mr David
Liberal Democrat
Signed on 15 December 2004
Eastleigh
Clarke, Mr Tom
Labour
Signed on 23 November 2004
Coatbridge and Chryston
Clarke, Mr Tony
Labour
Signed on 21 December 2004
Northampton South
Clelland, Mr David
Labour
Signed on 13 January 2005
Tyne Bridge
Cohen, Harry
Labour
Signed on 1 December 2004
Leyton and Wanstead
Colman, Mr Tony
Labour
Signed on 25 November 2004
Putney
Connarty, Michael
Labour
Signed on 29 November 2004
Falkirk East
Corbyn, Jeremy
Labour
Signed on 24 November 2004
Islington North
Crausby, Mr David
Labour
Signed on 16 December 2004
Bolton North East
Cryer, Mrs Ann
Labour
Signed on 1 December 2004
Keighley
Cummings, John
Labour
Signed on 29 November 2004
Easington
Cunningham, Mr Jim
Labour
Signed on 20 December 2004
Coventry South
Curry, Mr David
Conservative
Signed on 12 January 2005
Skipton and Ripon
Davey, Mr Edward
Liberal Democrat
Signed on 14 December 2004
Kingston and Surbiton
Davies, Mr Quentin
Conservative
Signed on 4 March 2005
Grantham and Stamford
Dean, Mrs Janet
Labour
Signed on 2 December 2004
Burton
Dhanda, Mr Parmjit
Labour
Signed on 10 January 2005
Gloucester
Dismore, Mr Andrew
Labour
Signed on 24 November 2004
Hendon
Dodds, Mr Nigel
Democratic Unionist Party
Signed on 29 November 2004
Belfast North
Donaldson, Mr Jeffrey M.
Democratic Unionist Party
Signed on 1 December 2004
Lagan Valley
Donohoe, Mr Brian H.
Labour
Signed on 23 November 2004
Cunninghame South
Dorrell, Mr Stephen
Conservative
Signed on 20 December 2004
Charnwood
Doughty, Sue
Liberal Democrat
Signed on 25 November 2004
Guildford
Dowd, Jim
Labour
Signed on 7 December 2004
Lewisham West
Drew, Mr David
Labour
Signed on 30 November 2004
Stroud
Edwards, Mr Huw
Labour
Signed on 6 December 2004
Monmouth
Ennis, Jeff
Labour
Signed on 8 December 2004
Barnsley East and Mexborough
Ewing, Annabelle
Scottish National Party
Signed on 8 December 2004
Perth
Farrelly, Paul
Labour
Signed on 21 February 2005
Newcastle-under-Lyme
Foster, Mr Don
Liberal Democrat
Signed on 14 December 2004
Bath
Foulkes, George
Labour
Signed on 29 November 2004
Carrick, Cumnock and Doon Valley
Garnier, Mr Edward
Conservative
Signed on 15 December 2004
Harborough
George, Andrew
Liberal Democrat
Signed on 14 December 2004
St Ives
Gidley, Sandra
Liberal Democrat
Signed on 1 December 2004
Romsey
Gill, Parmjit Singh
Liberal Democrat
Signed on 15 December 2004
Leicester South
Green, Matthew
Liberal Democrat
Signed on 14 December 2004
Ludlow
Griffiths, Mr Win
Labour
Signed on 1 December 2004
Bridgend
Hamilton, Mr David
Labour
Signed on 23 November 2004
Midlothian
Hancock, Mr Mike
Liberal Democrat
Signed on 14 December 2004
Portsmouth South
Harvey, Nick
Liberal Democrat
Signed on 24 November 2004
North Devon
Hawkins, Mr Nick
Conservative
Signed on 30 November 2004
Surrey Heath
Heath, Mr David
Liberal Democrat
Signed on 14 December 2004
Somerton and Frome
Hepburn, Mr Stephen
Labour
Signed on 13 December 2004
Jarrow
Hermon, Lady Sylvia
Ulster Unionist Party
Signed on 1 December 2004
North Down
Heyes, David
Labour
Signed on 13 January 2005
Ashton-under-Lyne
Holmes, Paul
Liberal Democrat
Signed on 14 December 2004
Chesterfield
Hood, Mr Jim
Labour
Signed on 23 November 2004
Clydesdale
Hopkins, Kelvin
Labour
Signed on 20 December 2004
Luton North
Hughes, Simon
Liberal Democrat
Signed on 14 December 2004
North Southwark and Bermondsey
Humble, Mrs Joan
Labour
Signed on 23 November 2004
Blackpool North and Fleetwood
Hume, Mr John
Social Democratic & Labour Party
Signed on 29 November 2004
Foyle
Hurst, Mr Alan
Labour
Signed on 21 December 2004
Braintree
Iddon, Dr Brian
Labour
Signed on 24 November 2004
Bolton South East
Illsley, Mr Eric
Labour
Signed on 30 November 2004
Barnsley Central
Jackson, Helen
Labour
Signed on 29 November 2004
Sheffield, Hillsborough
Jenkins, Mr Brian
Labour
Signed on 21 March 2005
Tamworth
Jones, Mr Jon Owen
Labour
Signed on 18 January 2005
Cardiff Central
Jones, Mr Nigel
Liberal Democrat
Signed on 2 December 2004
Cheltenham
Keetch, Mr Paul
Liberal Democrat
Signed on 14 December 2004
Hereford
Khabra, Mr Piara S
Labour
Signed on 23 February 2005
Ealing, Southall
King, Andy
Labour
Signed on 29 November 2004
Rugby and Kenilworth
Lamb, Norman
Liberal Democrat
Signed on 14 December 2004
North Norfolk
Lazarowicz, Mark
Labour
Signed on 23 November 2004
Edinburgh North and Leith
Leigh, Mr Edward
Conservative
Signed on 6 December 2004
Gainsborough
Lloyd, Tony
Labour
Signed on 23 February 2005
Manchester Central
Luke, Mr Iain
Labour
Signed on 2 December 2004
Dundee East
Lyons, Mr John
Labour
Signed on 14 December 2004
Strathkelvin and Bearsden
Mann, John
Labour
Signed on 26 January 2005
Bassetlaw
Marris, Rob
Labour
Signed on 24 November 2004
Wolverhampton South West
Marshall, Mr David
Labour
Signed on 23 November 2004
Glasgow, Shettleston
Mates, Mr Michael
Conservative
Signed on 17 January 2005
East Hampshire
McCafferty, Chris
Labour
Signed on 25 November 2004
Calder Valley
McDonnell, John
Labour
Signed on 30 November 2004
Hayes and Harlington
McGrady, Mr Eddie
Social Democratic & Labour Party
Signed on 15 December 2004
South Down
McKechin, Ann
Labour
Signed on 23 November 2004
Glasgow, Maryhill
McKenna, Rosemary
Labour
Signed on 23 November 2004
Cumbernauld and Kilsyth
McNamara, Mr Kevin
Labour
Signed on 30 November 2004
Kingston upon Hull North
Meale, Mr Alan
Labour
Signed on 24 November 2004
Mansfield
Mitchell, Mr Austin
Labour
Signed on 18 January 2005
Great Grimsby
Moore, Mr Michael
Liberal Democrat
Signed on 14 December 2004
Tweeddale, Ettrick and Lauderdale
O'Neill, Mr Martin
Labour
Signed on 10 January 2005
Ochil
Oaten, Mr Mark
Liberal Democrat
Signed on 30 November 2004
Winchester
Öpik, Lembit
Liberal Democrat
Signed on 14 December 2004
Montgomeryshire
Owen, Albert
Labour
Signed on 2 December 2004
Ynys Môn
Page, Mr Richard
Conservative
Signed on 8 December 2004
South West Hertfordshire
Pike, Mr Peter
Labour
Signed on 23 February 2005
Burnley
Pope, Mr Greg
Labour
Signed on 9 December 2004
Hyndburn
Price, Adam
Plaid Cymru
Signed on 25 November 2004
Carmarthen East and Dinefwr
Pugh, Dr John
Liberal Democrat
Signed on 14 December 2004
Southport
Rapson, Syd
Labour
Signed on 30 November 2004
Portsmouth North
Reed, Mr Andy
Labour
Signed on 7 December 2004
Loughborough
Reid, Mr Alan
Liberal Democrat
Signed on 15 December 2004
Argyll and Bute
Rendel, Mr David
Liberal Democrat
Signed on 14 December 2004
Newbury
Robertson, John
Labour
Signed on 23 November 2004
Glasgow, Anniesland
Robinson, Mrs Iris
Democratic Unionist Party
Signed on 30 November 2004
Strangford
Robinson, Mr Peter
Democratic Unionist Party
Signed on 9 February 2005
Belfast East
Roy, Mr Frank
Labour
Signed on 23 November 2004
Motherwell and Wishaw
Russell, Christine
Labour
Signed on 30 November 2004
City of Chester
Salmond, Mr Alex
Scottish National Party
Signed on 17 January 2005
Banff and Buchan
Sarwar, Mr Mohammad
Labour
Signed on 23 November 2004
Glasgow, Govan
Sheridan, Jim
Labour
Signed on 24 November 2004
West Renfrewshire
Shipley, Ms Debra
Labour
Signed on 6 December 2004
Stourbridge
Simpson, Alan
Labour
Signed on 13 December 2004
Nottingham South
Singh, Mr Marsha
Labour
Signed on 20 December 2004
Bradford West
Smith, Geraldine
Labour
Signed on 10 January 2005
Morecambe and Lunesdale
Smyth, The Rev Martin
Ulster Unionist Party
Signed on 1 December 2004
Belfast South
Strang, Dr Gavin
Labour
Signed on 14 December 2004
Edinburgh East and Musselburgh
Taylor, David
Labour
Signed on 23 November 2004
North West Leicestershire
Taylor, Sir Teddy
Conservative
Signed on 11 January 2005
Rochford and Southend East
Teather, Sarah
Liberal Democrat
Signed on 14 December 2004
Brent East
Tonge, Dr Jenny
Liberal Democrat
Signed on 14 December 2004
Richmond Park
Tredinnick, David
Conservative
Signed on 6 December 2004
Bosworth
Trickett, Jon
Labour
Signed on 17 January 2005
Hemsworth
Trimble, Mr David
Ulster Unionist Party
Signed on 1 December 2004
Upper Bann
Tyler, Mr Paul
Liberal Democrat
Signed on 14 December 2004
North Cornwall
Tynan, Mr Bill
Labour
Signed on 23 November 2004
Hamilton South
Vaz, Keith
Labour
Signed on 10 January 2005
Leicester East
Vis, Dr Rudi
Labour
Signed on 24 November 2004
Finchley and Golders Green
Wareing, Mr Robert N.
Labour
Signed on 30 November 2004
Liverpool, West Derby
Webb, Prof Steve
Liberal Democrat
Signed on 30 November 2004
Northavon
White, Brian
Labour
Signed on 24 November 2004
North East Milton Keynes
Widdecombe, Miss Ann
Conservative
Signed on 20 December 2004
Maidstone and The Weald
Williams, Mrs Betty
Labour
Signed on 30 November 2004
Conwy
Williams, Mr Roger
Liberal Democrat
Signed on 17 January 2005
Brecon and Radnorshire
Willis, Mr Phil
Liberal Democrat
Signed on 10 January 2005
Harrogate and Knaresborough
Wishart, Pete
Scottish National Party
Signed on 10 January 2005
North Tayside
Wyatt, Derek
Labour
Signed on 23 November 2004
Sittingbourne and Sheppey
Younger-Ross, Richard
Liberal Democrat
Signed on 7 December 2004
Teignbridge

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.

After a motion has been tabled, other Members can table amendments to it. Amendments to this motion are shown below.

FINANCIAL ASSISTANCE SCHEME (Amendment 1)
Line 17, after 'pensions', insert 'therefore presses the Government to reconsider the use of 'unclaimed assets' for this purpose.'
Conservative, Havant
30
signatures
EDM 40A1: tabled on 25 January 2005
FINANCIAL ASSISTANCE SCHEME (Amendment 2)
Line 11, leave out from 'if' to 'to' in line 12, and insert 'there is a commitment.'
Conservative, Havant
31
signatures
EDM 40A2: tabled on 25 January 2005