§ 29. Mr. Shepherd
asked the Minister of Labour if, in view of the damage to mobility caused by existing non-transferability of private pension schemes, he will introduce legislation for compulsory vesting.152W
§ Mr. Hare
I recognise that loss of rights under non-transferable private pension schemes may restrict mobility. I assume that my hon. Friend has in mind legislation to provide that employees who change their employment should receive a retirement pension related to their pensionable service while covered by such a scheme. I will bear this problem in mind, together with other problems connected with the improvement of redundancy arrangements and will discuss them with my National Joint Advisory Council.