§ Mr. Waltersasked the Chancellor of the Exchequer if he will take steps to introduce fiscal incentives to seek to encourage pension organisations to preserve and revalue early leaver entitlements.
§ Mr. Peter Rees[pursuant to his reply, 22 July 1985]: The Social Security Bill 1985 will require pension schemes to revalue the deferred pensions of early leavers by the increase of prices up to 5 per cent. per annum compound, and it is intended that this will take effect from 1 January 1986 for pension rights accrued on or after 1 January 1985.