§ Kali MountfordTo ask the Secretary of State for Social Security what progress he has made in setting up his stakeholder pensions advisory group. [88722]
§ Mr. DarlingThe new stakeholder pensions advisory group will complement the formal consultation process for stakeholder pensions. It will draw on the experience of people with day-to-day experience of pensions—including employers and the pensions industry—to help make sure that the detail of stakeholders pensions is right, and that costs for the pensions industry and employers are kept to a minimum.
Members of the group will be: Chair: Tom Ross (Aon Consulting and Scottish Life); large employer: Mark Hodgkinson (Barclays Bank); medium-sized employer: Judy Lever (Blooming Marvellous Ltd.); small employer: Ken Lewis (Dutton Engineering); insurance industry: Adrian Boulding (Legal & General); occupational pension scheme: David Morgan (CMT); independent financial adviser: Terry Bennet (PIFC); union fund: Joanne Segars (TUC); trust manager: Dugald Eadie (Hendersons).