§ Mrs. EwingTo ask the Secretary of State for Social Security (1) if the benefits from an occupational pension scheme which are transferred to a personal pension scheme will vest in the pension holder's trustee in sequestration in the event that the pension holder is sequestrated;[116228]
(2) when he plans to bring into force the provisions of the Welfare Reform and Pensions Act 1999 whereby personal pensions, in the event of bankruptcy of the holder, will vest in the trustee; [116227]
(3) what is his estimate of the numbers of persons who by virtue of becoming sequestrated or being sequestrated prior to the coming into force of section 11 of the Welfare Reform and Pensions Act 1999 will lose to the trustee in sequestration the benefit of their personal pension, assuming that section 11 is not brought into force until April 2001. [116229]
§ Mr. RookerWhere a person becomes bankrupt, his assets, with some exceptions, usually vest in the trustee in bankruptcy (in Scotland, the permanent trustee in bankruptcy). In relation to personal pensions, current bankruptcy law is not wholly clear. Nevertheless, some