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National Bus Company Pension Fund

Volume 297: debated on Friday 4 July 1997

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To ask the Secretary of State for the Environment, Transport and the Regions how much money was received by the Government in 1986 from the National Bus Company Pension Fund; and what estimate he has made of the current value of such a sum appropriately invested. [6808]

A total of £121.8 million was paid to the Department of Transport in 1990 (not 1986) on the winding up of the two National Bus Company pension funds, An estimate of what that sum might now he worth had it been available for investment would depend entirely on the assumptions used.