§ Mr. HeppellTo ask the Secretary of State for Education and Employment which organisations she consulted when making her decision to privatise the teachers' pension fund. [5287]
§ Mr. Robin SquireMy right hon. Friend the Secretary of State has made no such decision. There is no question of privatising the teachers' superannuation scheme, which does not have a real pension fund. Any contract would be solely for the administration of the scheme. We shall let such a contract only if it would deliver better value for money than keeping the administration of the scheme in the public sector.