SCHEDULES

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

Use of information held by Secretary of State etc

1

1

Section 3 of the Social Security Act 1998 (c. 14) (use of information) is amended as follows.

2

In subsection (1), for the words from “social security” to “training” substitute “ any of the matters specified in subsection (1A) below ”.

3

After subsection (1) insert—

1A

The matters are—

a

social security, child support or war pensions;

b

employment or training;

c

private pensions policy;

d

retirement planning.

4

In subsection (2)(a), for the words from “social security” to “training” substitute “ any of the matters specified in subsection (1A) above ”.

5

After subsection (4) insert—

5

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.