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Occupational Pensions Board

Volume 886: debated on Thursday 20 February 1975

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asked the Secretary of State for Social Services whether she has yet received the report by the Occupational Pensions Board on the three issues referred to it last July; and whether she will make a statement.

I am today publishing the report (Cmnd 5904) submitted to me by the Occupational Pensions Board on 24th January. The three matters on which I sought advice related to the solvency of occupational pension schemes, the disclosure of information about schemes and the participation of members in the running of schemes. The board has taken evidence, both written and oral, from a wide range of organisations and individuals and has produced an invaluable study of these questions. In the Bill I hope to introduce shortly giving effect to our long-term pensions proposals I shall be taking account of the board's recommendations affecting the contracting out of occupational pension schemes. I shall also be studying the board's other recommendations, which have wider implications for the conduct of occupational pension schemes, and are not specifically directed to the relationship between them and the State scheme.