MID-Worcestershire MP Peter Luff is putting pressure on the Government to help the victims of collapsed company pension schemes.
He has added his name to an amendment to the Pensions Bill to be debated on Wednesday in the Commons.
The all-party motion calls on Labour to develop a scheme to help these victims within three months of the Bill becoming law.
"We believe there are as many as 60,000 people who lost all or part of their pension, but the Government has refused to provide official estimates," said Mr Luff.
"I have supported a specific compensation scheme, using the unclaimed assets of banks and building societies - but the Government prefers to use those funds for charity.
"The growing anger among the victims of these collapsed schemes has been voiced by MPs such as myself for many months - but the Government has done nothing.
"The Pensions Bill has been in committee in the Commons for weeks, but again nothing has been done.
"I understand the need for the Government to be careful about setting a major precedent by compensating people with taxpayers' money where it is not at fault - but we cannot stand by and watch these people, who saved prudently for their old age, condemned to poverty."
Are you a victim of a collapsed company pension scheme? We would like to hear your story. Contact Deborah Clarke-Sutton on 01905 742260 or email her at: dcs@thisisworcester.co.uk
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