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Occupational Pensions

Volume 929: debated on Tuesday 29 March 1977

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asked the Secretary of State for Social Services if, in order to speed up the processing by the Occupational Pensions Board of applications from firms wishing to contract out of the State pension scheme, he will issue clear and detailed guidance to employers stating the requirements which the Board expects schemes to meet.

The issue of such guidance is a matter for the Occupational Pensions Board. Since March 1976 it has published detailed guidance about the contracting-out requirements, and, although I understand that this will be supplemented in the near future as a result of new legislative changes and inquiries from pensions practitioners, the