Private Sector Pensions Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Nigel Huddleston
Main Page: Nigel Huddleston (Conservative - Mid Worcestershire)Department Debates - View all Nigel Huddleston's debates with the Department for Work and Pensions
(6 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
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Ms McVey
We have to make sure that we look after people with pensions. We also have to ensure that we keep companies going as a viable concern. At the time, this was deemed to be the best option for the future. We always have to make sure it is the best solution at the time, and we have to secure future legislation to ensure that we have better regulation and better law in place.
Nigel Huddleston (Mid Worcestershire) (Con)
Even this weekend I heard and saw some commentators, who really should know better, say things such as that Carillion pensioners risk losing their pensions. Can the Secretary of State confirm what percentage of their anticipated pension many Carillion pensioners can now expect to get through the PPF?
Ms McVey
My hon. Friend raises a good point. Those who are in receipt of a pension will receive 100%, and those who receive a pension in the future will get 90%, subject to a cap. People who are concerned about their pension should rest assured, and they can always go to our free helpline.