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B.e.s.t. Pension Scheme

EDM number 353 in 1996-97, proposed by Eddie Loyden on 16/12/1996.

That this House notes the determination of the Pensions Ombudsman dated 6th September 1996, which stated that an amendment to the winding-up clause of the BEST Pension Fund, which transferred a surplus of ú168 million to the Department of Transport, was 'obtained through a breach of the company's duty of good faith and through a threat to commit a fraud on a power' and his direction that the New Trustee should take 'without delay, all practicable steps to obtain the return of the monies with interest at an equitable rate'; further notes that this raiding of the pension fund surplus has effectively deprived the former employees of the National Bus Company of much-needed improvements to the pensions to which they contributed during their working lives; is deeply concerned that the Secretary of State for Transport is unwilling to comply with the Trustee's request to return their money without the Trustee, a civil servant in the Department of Transport, taking the matter to the High Court; is aware that this action is just one example of the Government raiding pension fund surpluses during the privatisation of former public utilities; and calls on the Government to comply with the spirit of the Ombudsman's direction in respect of the BEST Pension Fund forthwith.

This motion has been signed by a total of 65 MPs.

Eddie Loyden16/12/1996Liverpool, GarstonProposed
Max Madden16/12/1996Bradford WestSigned
Maria Fyfe16/12/1996Glasgow, MaryhillSigned
Kevin McNamara16/12/1996Kingston upon Hull NorthSigned
David Marshall16/12/1996Glasgow, ShettlestonSigned
Robert Parry16/12/1996Liverpool, RiversideSigned
Eric Martlew16/12/1996CarlisleSigned
John Cummings17/12/1996EasingtonSigned
David Winnick17/12/1996Walsall NorthSigned
Paddy Tipping17/12/1996SherwoodSigned
George Stevenson17/12/1996Stoke-on-Trent SouthSigned
Hugh Bayley17/12/1996York, City ofSigned
Harry Barnes17/12/1996North East DerbyshireSigned
Mike Hall17/12/1996Warrington SouthSigned
John Evans17/12/1996St Helens NorthSigned
Michael Connarty17/12/1996Falkirk EastSigned
Keith Bradley17/12/1996Manchester, WithingtonSigned
Dennis Skinner17/12/1996BolsoverSigned
Peter Hardy17/12/1996WentworthSigned
John Heppell17/12/1996Nottingham EastSigned
Robert Hughes17/12/1996Aberdeen NorthSigned
Eric Illsley17/12/1996Barnsley CentralSigned
Barry Jones17/12/1996Alyn & DeesideSigned
Ken Livingstone17/12/1996Brent EastSigned
Bill Michie17/12/1996Sheffield, HeeleySigned
David Clelland17/12/1996Tyne BridgeSigned
Audrey Wise18/12/1996PrestonSigned
Gerry Steinberg18/12/1996Durham, City ofSigned
Win Griffiths18/12/1996BridgendSigned
Bill Etherington18/12/1996Sunderland NorthSigned
Jeff Ennis18/12/1996Barnsley EastSigned
Ian Davidson18/12/1996Glasgow, GovanSigned
Jim Cunningham18/12/1996Coventry South EastSigned
Michael Clapham18/12/1996Barnsley West & PenistoneSigned
Eric Clarke18/12/1996MidlothianSigned
Colin Pickthall18/12/1996West LancashireSigned
Peter Pike18/12/1996BurnleySigned
Alan Meale18/12/1996MansfieldSigned
Rhodri Morgan18/12/1996Cardiff WestSigned
Roland Boyes13/01/1997Houghton and WashingtonSigned
Lawrence Cunliffe13/01/1997LeighSigned
Roy Hughes14/01/1997Newport EastSigned
Terry Lewis14/01/1997WorsleySigned
Alice Mahon14/01/1997HalifaxSigned
Dennis Turner14/01/1997Wolverhampton South EastSigned
Helen Jackson15/01/1997Sheffield, HillsboroughSigned
Brian Jenkins15/01/1997Staffordshire South EastSigned
Gordon Oakes15/01/1997HaltonSigned
Jean Corston15/01/1997Bristol EastSigned
Nick Harvey16/01/1997North DevonSigned
Norman Godman16/01/1997Greenock and Port GlasgowSigned
Donald Anderson17/01/1997Swansea EastSigned
Rachel Squire20/01/1997Dunfermline WestSigned
Elfyn Llwyd20/01/1997Meirionnydd Nant ConwySigned
Kenneth Eastham20/01/1997Manchester, BlackleySigned
Robert Wareing20/01/1997Liverpool, West DerbySigned
Terry Rooney21/01/1997Bradford NorthSigned
Jimmy Dunnachie21/01/1997Glasgow, PollokSigned
Peter Hain21/01/1997NeathSigned
Gareth Wardell23/01/1997GowerSigned
Martyn Jones30/01/1997Clwyd South WestSigned
Alex Carlile11/02/1997MontgomerySigned
Joan Walley11/02/1997Stoke-on-Trent NorthSigned
Terry Davis05/03/1997Birmingham, Hodge HillSigned
Andrew MacKinlay10/03/1997ThurrockSigned

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