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Occupational Pension Schemes

Volume 23: debated on Tuesday 4 May 1982

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asked the Secretary of State for Social Services if he will introduce legislation to ensure accountability of occupational pension schemes to their members and the public with full and regular information regarding investments; and if he will make a statement.

The Government have on various occasions urged occupational pension schemes to improve their arrangements for disclosure of information to their members.I hope that schemes will make such improvements voluntarily and that no legislation will therefore be required.I am also expecting to receive soon a further report from the occupational pensions board on the security of rights and expectations in occupational pension schemes.