Mr. Hicksasked the Secretary of State for Defence when employees in the royal dockyards will be informed of the financial value of their personal buyout pension bond; and what are the reasons for the delay in providing this information following the introduction of commercial management on 6 April.
§ Mr. SainsburyChanges in the method of revaluation associated with personal buyout bonds have been announced by the Treasury since the royal dockyards were contractorised on 6 April 1987. Such transfers are, as a result, more widely available and there has been a considerable increase in demand for personal estimates. I am well aware of the concern of dockyard employees and plans are being made to deal with the new situation I shall be writing to my hon. Friend shortly.