To ask the Secretary of State for Social Security what assessment she has made of the report by Bacon and Woodrow, actuarial consultants, on the consequences of the abolition of dividend tax credits for the minimum funding required of occupational pension schemes; and if she will make a statement. [34288]

It is for the Pensions Board of the Faculty and Institute of Actuaries to make recommendations about any changes to the minimum funding requirement. They will no doubt take account of views in Bacon and Woodrow's paper. We expect to receive a report from the Pensions Board when they have completed their consideration of these issues.