§ Mr. WebbTo ask the Secretary of State for Social Security if he intends, under the draft stakeholder pension regulations, the no penalty requirement (exemptions from employer access, Part IV) to relate to the contributions made on behalf of the member by the employer; and if he will make a statement. [117599]
§ Mr. RookerThe draft regulation seeks to ensure that a personal pension which is to provide exemption from the employer access requirement does not impose additional penalties on members because they transfer out of the scheme or stop paying into it. It will relate to the total amount in the fund at the time of transfer or cessation.