§ Mr. HealdTo ask the Chancellor of the Exchequer if he will make a statement on the EU Directive on occupational pension schemes and its impact on UK pension schemes. [85983]
§ Ruth KellyThe proposal for the Directive on Institutions for Occupational Retirement Provision is entering the second reading in the European Parliament. The proposed Directive would apply to funded occupational pension schemes. It would not apply to state pension schemes and personal pensions. The proposal leaves member states free to determine the structure of their pensions systems.