§ Mr. WebbTo ask the Secretary of State for Work and Pensions what plans he has to reform the regulations that govern the arrangements for electing trustees to the boards of occupational pension schemes. [32619]
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§ Mr. McCartney[holding answer 1 February 2002]: Changes to the Member-nominated Trustee and Director requirements were introduced in the Child Support, Pensions and Social Security Act 2000. We have been working on a package of regulations that would give effect to the changes, but need to ensure that they are consistent with the findings of the review of private pensions legislation that was announced by my right hon. Friend the Secretary of State on 26 September.
We have, therefore, decided to wait until the review team reports in July, and we have had time to consider their findings.
We shortly will be consulting on draft regulations that will allow schemes to continue with their present arrangements for the time being.