§ Mr. Llew Smith
To ask the Secretary of State for Social Security if he will introduce legislation to ensure that existing pension provisions are maintained in the event of a partial or complete takeover of a British company by a foreign company or financier.
§ Miss Widdecombe
A review of the legal framework within which occupational pensions schemes operate, is currently being carried out by the Pensions Law Review Committee. That review will take into account the rights and interests of scheme members, pensioners and employers. Decisions on whether any legislative changes are appropriate will be made in the light of the committee's report.