Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Thursday, 25 May 2006. It occurred during Ministerial statement on Pensions Reform.

Pensions Reform

Will the Secretary of State investigate an alarming practice involving occupational pensions? Overseas companies, such as Parsons Engineering and EMC Engineering in the United States, are effectively defrauding their British pensioners by contriving an arrangement whereby they temporarily liquidate a British subsidiary, expunge their pension liabilities, offload them on to the British taxpayer and resume normal business, including the winning of large Government contracts.

Secondary information

Type: Proceeding contribution
Reference: 446 c1661-2
Session: 2005-06
Chamber / Committee: House of Commons chamber
Subjects: Age Women Insolvency Financial assistance scheme Index linking Pension credit Workplace pensions Pensions State retirement pensions Reform Retirement Average earnings Pensions Commission
Link: View this Proceeding contribution on www.publications.parliament.uk

Pensions Reform

Secondary information

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