§ Mr. Meacher
To ask the Secretary of State for Social Security on what basis he reached the decision that £2.5 million would be sufficient to make good Maxwell pension losses until their funds' assets are unfrozen.
§ Miss Widdecombe
The Department keeps in close touch with the trustees of Maxwell pension funds to ensure that we have the most up to date information about the state of the schemes. The temporary emergency funding of up to £2.5 million will help trustees maintain payments to pensioners who would otherwise have a reduced pension or no pension over the next few months while frozen assets are being released and progress is made in restoring and obtaining other funds.