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Occupational Pension Rights

Volume 774: debated on Monday 25 November 1968

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15.

asked the Secretary of State for Employment and Productivity what plans she has made to ensure that rights accrued under private occupational pension arrangements are made fully transferable on changes of employment by the beneficiaries; and whether she will make a statement as to the method by which such rights are to be valued.

The White Paper on the new earnings-related pension scheme will outline the Government's proposals for the safeguarding of occupational pension rights. I cannot anticipate what will be said in that White Paper.

Why are the Government taking so long to act about this urgent matter? Will the Minister undertake that, when these steps are finally introduced, he will clarify the position between transferable pensions and frozen pensions and go the whole way to transferability?

I can assure the hon. Member that I shall clarify the two positions. I am afraid that I cannot give the House any assurance as to which of those two positions the Government favour