§ Mr. Alfred Morris
To ask the Prime Minister what further recent representations he has received about the situation of pensioners of Mirror Group newspapers; what reply he is sending; what action he will be taking; and if he will make a statement.
§ The Prime Minister
[holding answer 11 May 1992]: I have received a number of representations about the pensioners of Mirror Group newspapers and other Maxwell pension funds. Ministers are keeping in close 91W contact with the trustees of the Mirror Group pension schemes and other Maxwell pension funds who are attempting to resolve the ownership of assets and their return to funds. In addition, Ministers have met a number of groups representing the interests of those involved; the most recent meeting being on 6 May. As we stated in our manifesto, we are committed to reviewing the framework of law and regulation within which occupational pension schemes operate.
If pension funds are unable to protect pensioners' guaranteed minimum pensions, their state pensions will be increased as if they had never left the state earnings-related pension scheme. We have alerted social security offices to make sure that, if necessary, emergency provisions are put into effect to help anyone who needs support from the benefits system because of uncertainty as to their income.