§ Dr. BrandTo ask the Secretary of State for the Environment, Transport and the Regions when he expects his Department's investigation into the National Bus Company pension schemes to be concluded. [60098]
§ Ms Glenda JacksonMy Department is not carrying out any investigation into the National Bus Company pension schemes. However, the Department's lawyers have recently opened discussions with lawyers for the NBC pensions trustees on achieving a just out-of-court settlement to the trustees' claim for return of the pension surplus paid over following NBC's privatisation.
High priority is being given to achieving as soon as possible a conclusion to these discussions which is satisfactory to all concerned.