§ Dr. SpinkTo ask the Secretary of State for Social Security when the Government will respond to the second report of the Social Security Committee on the work of the Maxwell Pension Fund trustees; and if he will make a statement.
§ Mr. HagueThe Government's response to the Select Committee's report is published today. We welcome the Committee's continued interest in the process for recovering assets missing from the Maxwell pension funds.
The Government strongly support the initiative taken by the Maxwell Pensioners Trust to promote an overall settlement to disputes relating to missing pension fund assets. We share the Committee's view that the initiative offers the best chance for resolution of the schemes' problems with minimum cost and delay.
The Government are currently considering the detailed recommendations of the Pension Law Review Committee, and will take the Select Committee's views into account when finalising its response.