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Marconi Pension Fund

I will certainly ensure that that is done and that the regulator is also made aware of the concerns that the Government have about protecting the scheme's future. As I said, I welcome the support that has come from across the industry for the actions of the pensions regulator. When trustees find themselves in difficulty, they need to know that they are not alone. The regulator provides not only key information and support, but the capacity to intervene. Last week, in the Committee considering the Pensions Bill, I acknowledged the vital role played by the independent pensions regulator by strengthening its powers to install trustees, where that is in members' interests. That was an important step, but let me tell my right hon. Friend and other colleagues who are concerned about what is happening that it is a first step. I have asked officials at the Department for Work and Pensions to look urgently at what more can be done to maintain confidence and to signal to the City our concern about such models of pensions investment. I want to consider the views of employers and pensions experts as we examine the options. I am ready to listen, but I also want to signal our willingness to act and to intervene, if necessary, by giving the regulator the legislative ability to deal with such issues.