Private Sector Pensions Debate

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Department: Department for Work and Pensions

Tonia Antoniazzi

Main Page: Tonia Antoniazzi (Labour - Gower)

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Oral Answers to Questions

Private Sector Pensions

Tonia Antoniazzi Excerpts

Points of Order
Monday 22nd January 2018

(6 years, 10 months ago)

Commons Chamber
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Esther McVey Portrait Ms McVey
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It would be an absolute disaster.

Tonia Antoniazzi Portrait Tonia Antoniazzi (Gower) (Lab)
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My constituent Michael Evans, a retired employee of Barclays, has raised serious concerns about the future of its pension fund. Given the £7 billion shortfall, is Barclays moving its liability to its investment branch in the hope that it can avoid having to cover the deficit?

Esther McVey Portrait Ms McVey
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People who are concerned about their pensions should take advice from the Pensions Advisory Service. That is the best thing they can do. Obviously, the regulator will look into any incidents that it thinks need to be investigated.

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