Petition · Department for Work and Pensions
Improve the Financial Assistance Scheme for pensioners
Closed
2,480 signatures
What the petition asks
We call on the Government to change the parameters of compensation set out in the Financial Assistance Scheme to end what we see as a miscarriage of justice inflicted on former workforces who lost their pensions when their pension schemes being lost due to employer insolvency.
The current scheme only gives people 90% of their accrued pension. Increases linked to inflation are limited to 2.5%. We believe that these pensions should be increased to 100% of what was accrued and also that inflation adjustments should be matched at the actual inflation rate. We think these pensions should be fully restored with their schemes in full pre/post 1997 indexation and backdated to the date they were due to be paid.
Timeline
| 18 Mar 2025 | Petition opened for signatures |
| 18 Sep 2025 | Closed to new signatures |
Key facts
Signatures
2,480
Status
Closed
Department
Department for Work and Pensions
Opened
18 Mar 2025
Closed
18 Sep 2025
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Source: the official petition page. Last checked 30 Jul 2026.