§ Mr. SayeedTo ask the Chancellor of the Exchequer (1) what assessment he has made of the impact of lifelong individual savings accounts on occupational pension scheme membership; [73549]
(2) what plans he has to simplify the regulatory regime for personal pensions. [73550]
§ Ms HewittThe Treasury's proposed pooled pension investment (ppi) is a contractual wrapper for pensions savings, not a pension scheme in its own right. It could suitably hold units invested in personal pensions, stakeholder pensions, occupational pensions and AVCs, and will allow movement between these types of scheme without the large financial penalties currently incurred. Ppis will add a new transparency and flexibility to the pension market.