§ Gillian MerronTo ask the Secretary of State for Work and Pensions if he will ensure that the review of the security of occupational pensions includes measures to protect the rights of non-pensioners to the fair value of their accrued rights in the event of insolvency. [29793]
§ Mr. McCartneyOn 7 March 2001 the Government published "Security for Occupational Pensions: The Government's Proposals", which set out our proposals for providing more effective security for members of defined benefit occupational pension schemes. Implementing these proposals in full will require primary legislation, and we are working with the pensions industry and other interested parties to develop detailed proposals for legislation as soon as parliamentary time becomes available. As part of this process we are considering what arrangements should apply when a scheme is wound-up with an insolvent employer.
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