§ 23. Mr. WilkinsonTo ask the Secretary of State for Social Security if he will make a statement on the timetable for the introduction of the stakeholder pension. [93772]
§ Mr. RookerWe aim to enable the first stakeholder pension schemes to be set up from April 2001. We will be announcing decisions, following our consultations, around the end of the year, and our final proposals will be set out in draft regulations for further consultation. Stakeholder pension regulations should then be laid by around April 2000, thereby giving a clear year for industry to develop schemes for the market.
§ Mr. RammellTo ask the Secretary of State for Social Security what progress he has made with developing his proposals for stakeholder pensions. [93783]
§ Mr. RookerBetween 2 June and 16 September, we issued six consultation documents on Minimum Standards, Employer Access, Clearing Arrangements, Advice, Governance and the Tax Regime.
We have also held discussions with the Stakeholder Pensions Advisory Group and the Core Group.
We will be announcing decisions around the end of the year before issuing draft regulations for consultation.