SCOTTISH & NEWCASTLE PENSION PLAN

Early day motion 2629, tabled 23 January 2012 by Michael Crockart (Liberal Democrat). Signed by 17 members.

That this House notes the acquisition in 2008 of the brewers ScottishNewcastle by Heineken NV; further notes the commitment made by Heineken at that time to provide RPI increases, up to a maximum of 5 per cent. on any pensions built up before 6 April 1997 within the ScottishNewcastle Pension Plan, in excess of the Guaranteed Minimum Pension; is disappointed by Heineken's subsequent reneging on these pension agreements; calls for Heineken to justify this decision; andfurther calls for the Government to take steps to regulate and protect British pensioners during international takeovers.

Signatures by party: Labour 10, Liberal Democrat 4, Conservative 1, Plaid Cymru 1, Scottish National Party 1.