aefl.kw/docs/2.23.90
CONFIDENTIAL
HONG KONG HMOCS: SPEAKING NOTE
Glad to be able to meet you again.
letter
When we last met on 31 May I handed over a
setting out the position on HMOCS. I believe you
circulated this to your membership and I hope it reassured them that HMG is working towards solutions to
this very difficult issue, and is keen to get this
matter settled satisfactorily.
I am pleased to say that Ministers currently have before
then advice from officials on a number of options for a
compensation scheme. Work continues, however, on this
element as well as on options for a sterling pension
safeguard. It is our intention to consult the
Association about proposals on both elements at the same
time. We are also examining the question of the SPOS
mechanism, but I cannot give any assurance that this mechanism will be changed.
Would like to repeat my assurance that HMG fully
recognises the importance of this matter for the HMOCS
and that we are working hard to bring forward our
proposals.
Happy to listen to any further points you wish to raise.