§ Mr. LawsTo ask the Secretary of State for Work and Pensions whether his proposed fund to offer financial assistance to workers who have lost their pension rights in private schemes will cover employees of foreign owned entities; and if he will make a statement. [184749]
§ Malcolm WicksThe details of the financial assistance scheme, including the eligibility of employees of foreign owned entities, will be developed through consultation with stakeholders such as pension scheme trustees, trades unions and key business representatives. Until this work has been completed we will not be in a position to give any scheme members assurances that they will be covered. To do otherwise could be misleading.