§ Mr. Llew SmithTo ask the Secretary of State for Social Security what plans he has to ensure that company pensioners are represented on the board of trustees of pension funds.
§ Mr. ArbuthnotWe propose that occupational pension scheme members should have the right to nominate at least one third of their scheme's trustees. It is for members to decide whether they wish to select a pensioner trustee. That is in line with the recommendation of the Pension Law Review Committee. We are still considering the best way to implement our proposals on the selection and appointment of member-nominated trustees in the light of the replies to our consultation document.