§ Mr. Ben ChapmanTo ask the Secretary of State for Social Security what plans he has to reform the system for appointing members of occupational pension schemes to serve as trustees. [159362]
§ Mr. RookerThe Child Support, Pensions and Social Security Act 2000 includes changes to the current legislation governing the nomination and selection of member-nominated trustees and directors. We are currently working on the supporting regulations and aim to bring the new provisions into force in October this year.
The new provisions will ensure that employers can no longer "opt out" of having member nominated trustees, and will be easier and more flexible to implement than the current arrangements.