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.
Amendments to Law (Resolution of Dunfermline Building Society) Order 2009
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.
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710 c629 Session
2008-09Chamber / Committee
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