The Minister of State, Department for Work and Pensions (Steve Webb)
Triennial reviews of non-departmental public bodies are part of the Government’s commitment to ensuring accountability in public life. Later today I will launch a review of the Pensions Regulator, the Pensions Advisory Service, the pensions ombudsman and the pension protection fund ombudsman. This review will look at the functions of all four bodies and whether they should continue to exist in their current form. If the review determines that these bodies should continue, it will go on to consider whether they are operating in line with the recognised principles of good corporate governance. I will inform the House of the outcome of the review when it is completed and will place a copy of the review in the Libraries of both Houses.