SCHEDULES

SCHEDULE 10Use and supply of information: private pensions policy and retirement planning

Supply of housing benefit and council tax benefit information

3

(1)

Section 122D of the Social Security Administration Act 1992 (c. 5) (supply of information by authorities administering housing benefit or council tax benefit) is amended as follows.

(2)

In subsection (1) for “or employment or training” substitute “ employment or training, private pensions policy or retirement planning ”.

(3)

After subsection (2) insert—

“(2A)

Information supplied under subsection (2) may be used for any purpose relating to private pensions policy or retirement planning.”

(4)

After subsection (5) insert—

“(6)

In this section—

“private pensions policy” means policy relating to occupational pension schemes or personal pension schemes (within the meaning given by section 1 of the Pension Schemes Act 1993);

“retirement planning” means promoting financial planning for retirement.”