§ Mr. Alex Carlileasked the Chancellor of the Exchequer whether he will consider seeking the amendment of the legislation applicable to company pension funds to require fund managers to send annually to all fund members a report summarising the fund's annual accounts, membership, the nature and distribution of investments by the fund, and other such information necessary to make members aware of the fund's performance and progress.
§ Dr. BoysonI have been asked to reply.
The Government have accepted in principle the need to legislate on dislosure of information to members of occupational pension schemes. We believe this to be one of the most important ways of helping pension scheme members themselves to ensure that their schemes are managed in their best interests.