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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Wednesday, 6 May 2009. It occurred during Debates on delegated legislation on Amendments to Law (Resolution of Dunfermline Building Society) Order 2009.


Amendments to Law (Resolution of Dunfermline Building Society) Order 2009

My Lords, is this the only case to date—including Northern Rock, Bradford & Bingley and, now, the Dunfermline—where a pension fund liability is effectively being left to go into the Pension Protection Fund if there is not enough money? I understand that this is the only one that has been "stranded"—the word I used when I spoke. The Minister has not quite answered that point. He has said that they have preference, but that is not the point. The point is what happens to the deficit in the pension fund, if there is one.


Secondary information

Type
Proceeding contribution
Reference
710 c629 
Session
2008-09
Chamber / Committee
House of Lords chamber
Subjects
Banks Building societies Workplace pensions Pension Protection Fund Dunfermline Building Society Nationwide Building Society DBS Bridge Bank
Legislation
Amendments to Law (Resolution of Dunfermline Building Society) Order 2009
Link
View this Proceeding contribution on www.publications.parliament.uk