Written question asked by Lord Watts (Labour) on Tuesday, 16 April 2002, in the House of Commons. It was due for an answer on Tuesday, 30 April 2002. It was answered by Ian McCartney (Labour) on Tuesday, 30 April 2002 on behalf of the Department for Work and Pensions.

Dept for Work and Pensions

Question: To ask the Secretary of State for Work and Pensions, if he will take steps to remove company representatives from the management of pension funds.

Answer: Mr. Watts: To ask the Secretary of State for Work and Pensions if he will take steps to remove company representatives from the management of pension funds. [51373] Mr. McCartney: We have no plans to remove company representatives from the management of pension funds. Pension schemes are set up voluntarily by employers for the benefit of their workforce, and the financial commitment this involves means they have a legitimate interest in the running of the scheme. Where decisions made by trustees have a direct implication for the financial position of the employer, it is understandable and right that the employer wants to be part of that decision making process.

Secondary information