§ Mr. Llew SmithTo ask the Secretary of State for Social Security what representations he has received on the prospective complications posed by the proposed opt-out option for the requirement for compulsory employee trustee elections for pension schemes.
§ Mr. ArbuthnotThe Department of Social Security received 178 replies to its consultation document on the selection and appointment of member-nominated trustees. A majority of respondents supported our proposals that members in all types of schemes should have the right to426W select one third of the trustees but many were concerned that the arrangements for opt-out, suggested in this document, could prove difficult to operate on a practical level. We are now considering the best way to implement our proposals in the light of these comments.