Scottish & Newcastle Pension Plan

EDM number 2629 in 2010-12, proposed by Michael Crockart on 23/01/2012.
Categorised under the topic of Pensions.

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.

This motion has been signed by a total of 17 MPs.