Rt Hon Lord Lilley

    11. Mr. Peter Lilley (Hitchin and Harpenden) (Con): If he will use unclaimed assets to boost the funding of the financial assistance scheme. [196326]

    The Secretary of State for Work and Pensions (Alan Johnson): I refer hon. and right hon. Members to the reply by my hon. Friend the Minister for Pensions on 4 July 2004. As my right hon. Friend the Chancellor made clear in the March Budget, we want as much as possible to reunite unclaimed assets with their rightful owners. Where the assets cannot be so reunited, they should be

    8 Nov 2004 : Column 556

    reinvested to benefit the whole of society. There are no plans to use such assets to provide assistance for people who have lost pensions.

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