HC Deb 16 December 1991 vol 201 cc81-2W
23. Mr. Cran

To ask the Secretary of State for Social Security what representations he has received on the need to review the legal basis of occupational pension funds.

Mr. Newton

Occupational pension schemes are mostly administered under trust law. In 1988 the Occupational Pensions Board recommended that trust law should continue as the legal basis of the law relating to occupational pension schemes. I have received representations in the last few days about various aspects of the legal basis of occupational pension funds.

Mr. Irvine

To ask the Secretary of State for Social Security when he proposes to bring into force regulations restricting company pension funds from investing more than a specified proportion of their assets in their own company.

Miss Widdecombe

I refer my hon. Friend to the reply my right hon. Friend, the Secretary of State gave to my hon. Friend the Member for Ealing, North (Mr. Greenway) on 12 December at cols.527–28.