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Financial Assistance Scheme

Volume 450: debated on Thursday 26 October 2006

To ask the Secretary of State for Work and Pensions what estimate the Government have made of the cost of extending the financial assistance scheme in line with the recommendations from the parliamentary ombudsman’s report on occupational pension schemes. (92016)

We estimate the cost of implementing the ombudsman’s recommendations to be between £13 and £17 billion, in cash terms, over 60 years (or between £2.9 billion and £3.7 billion, net present value).