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Personal Pension Plans

Volume 174: debated on Thursday 14 June 1990

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To ask the Secretary of State for Social Security whether, pursuant to his reply to the hon. Member for Tonbridge and Mailing on 21 December, Official Report, column 405, he has completed his review of the disclosure requirements for occupational and personal pension schemes, including unit-linked personal pension plans; and if he will make a statement.

The disclosure of information regulations will need amendment as a result of the provisions on occupational pensions in the Social Security Bill and of other recommendations in the Occupational Pensions Board report "Protecting Pensions" which we have accepted. A number of interested bodies have been asked for their views on the existing regulations, and responses are due very soon. In the light of these comments, we hope to bring forward our proposals as soon as possible.