§ Mr. RedmondTo ask the Secretary of State for Social Security what action he is taking in respect of proposals by the Institute of Chartered Accountants on the power of his proposed pensions watchdog; and if he will make a statement.
§ Mr. HagueWe welcome the institute's comments which have been taken into account in our proposals for a new occupational pensions regulatory authority, set out in the White Paper "Security, Equality, Choice: The Future for Pensions". We will be consulting further with the institute and other interested parties in developing the new regulatory framework for occupational pension schemes.