Private Sector Pensions Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Lucy Allan
Main Page: Lucy Allan (Conservative - Telford)Department Debates - View all Lucy Allan'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
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.
Lucy Allan (Telford) (Con)
I warmly welcome the Secretary of State to her new position and thank her for the reassurances she has given the House this afternoon. GKN employs 340 people in Telford and is currently the subject of a proposed hostile takeover. Will she confirm that the safety of pensions at GKN will be a priority for her Department if the takeover proceeds?