§ 20. John Robertson
To ask the Secretary of State for Work and Pensions what action he is taking to encourage companies to retain existing final salary pension schemes and to make them available to new employees. 
§ Mr. McCartney
We published the Green Paper "Simplicity, security and choice: working and saving for retirement" (Cm 5677) on 17 December 2002. It provides a framework to help individuals save more in partnership with employers by providing a regulatory framework that supports employers in providing and contributing to good quality pension schemes. The Government's strategy is based on three linked proposals: major simplification of private pensions regulation and tax rules to ease burdens on employers and promote private provision; greater protection for scheme members to increase confidence and help to ensure that people get the pensions they expect; helping employers to provide better information for employees to help employees to understand the value of their pension scheme and to facilitate informed choice. The362W Green Paper makes clear that different types of scheme suit employees with different characteristics and that overall no particular scheme type is invariably better than the others. Defined contribution schemes tend to be better for employees who move jobs more frequently. The focus, therefore, should be on building on employer commitment and emphasising the advantages to both employer and employee of workplace pension provision. The Green Paper proposals to radically simplify the regulatory regime for pensions could, in total, save employers £150-£200 million a year in administration.