§ Mr. Jim CunninghamTo ask the President of the Board of Trade what plans he has to require disclosure of directors' pensions. [12678]
§ Mr. OppenheimMy Department is currently consulting on proposed changes to the requirements of the Companies Act 1985 relating to the disclosure of298W director's emoluments, including their pension entitlements. A copy of the consultative document is available in the Library of the House. Before finalising the proposed changes, my Department will take into account the results of the current consultation by the Institute of Actuaries and Faculty of Actuaries on the method which should be used to calculate the value of directors' pension entitlements.