Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 4:00 pm on 20th January 2009.

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Photo of Baroness Turner of Camden Baroness Turner of Camden Labour 4:00 pm, 20th January 2009

I listened with interest to what the noble Baroness, Lady Noakes, said, and I agree with quite a lot of it. I am most interested in the arrangements that could be made to preserve and protect the rights of existing employees, as that is important. In banking, generally speaking, employees have reasonable pension provision, and attempts should be made to ensure that their rights are protected. I am not at all certain whether Clause 71 does that and I await the Minister's response with interest.