ROYAL AND SUN ALLIANCE PENSION ARRANGEMENTS

Early day motion 844, tabled 5 March 2003 by Edward O'Hara (Labour). Signed by 27 members.

That this House notes the transfer of 1800 members of staff of Royal and Sun Alliance to UNISYS Insurance Services Limited; notes, however with concern that employees who choose to transfer from their current pension scheme to the new UNISYS scheme are offered a transfer value of only 1:0.75; deplores this offer; and calls upon Royal and Sun Alliance and UNISYS to offer a 1:1 transfer value.

Signatures by party: Labour 20, Liberal Democrat 7.