HC Deb 27 February 1996 vol 272 c524W
Mr. Tipping

To ask the Secretary of State for Social Security if he will make it his policy to ensure that the interests of pensioner members of pension schemes are fully represented through the trustees in drawing up the Occupational Pension Schemes. (Member-nominated Trustees and Directors) Regulations 1996. [17380]

Mr. Heald

Trustees of a trust scheme are not representative of a particular group or category of member. The interests of pensioner members will be fully considered because all trustees have a duty to consider the interests of all the beneficiaries of the pension fund. This aspect of trustees' conduct is a provision of trust law and is unaffected by the proposed Occupational Pension Schemes (Members-nominated Trustees and Directors) Regulations 1996.