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Written question asked by Louise Haigh (Labour) on Thursday, 26 November 2015, in the House of Commons. It was due for an answer on Monday, 30 November 2015. It was answered by Justin Tomlinson (Conservative) on Friday, 4 December 2015 on behalf of the Department for Work and Pensions.

Pensions

Question

To ask the Secretary of State for Work and Pensions, if he will take steps to ensure that all UK Pension schemes are aware of (a) the findings of the Law Commission's report on Fiduciary Duties of Investment Intermediaries, published in June 2014, HC 368, and (b) related guidance to be issued by the Pensions Regulator.

Answer

The Pensions Regulator has already taken steps to ensure that occupational pension schemes are aware of the findings of the Law Commission’s report on fiduciary duties.


In October 2014 The Pensions Regulator emailed over 37,000 pension scheme trustees to make them aware of the Law Commission’s report, and the guidance produced by the Law Commission on pension trustees’ duties.


The Pensions Regulator has also updated its ‘trustee toolkit’ training materials to reflect the Law Commission’s findings, and is updating its investment guidance with new material with reflects the Law Commission’s conclusions. This includes the revised Code of Practice and guidance for running defined contribution schemes, which is currently published for consultation.

Secondary information

Type
Written question
Reference
17910
Session
2015-16
Transferred
Yes
Subjects
Investment Pensions
Link
View this Written question on www.parliament.uk