National Ports Council: Pension Scheme

Dr. Cable
To ask the Secretary of State for Transport if he will make a statement on the future of the National Ports Council pension scheme.

Dr. Ladyman
The Department is looking to wind up the National Ports Council pension scheme as soon as possible given the intention of the Office of the Official Solicitor and Public Trustee (OSPT) to withdraw as administrator in March this year. We are pursuing options, in close consultation with the Trustees, in a way which will safeguard the scheme members' interests.