Pension NDPBs (Triennial Review)

Thursday 9th January 2014 Written Statements

[The Minister of State, Department for Work and Pensions (Steve Webb)]

Today I am publishing the outcome of the review of the Pensions Regulator, the Pensions Advisory Service, the pensions ombudsman and the pension protection fund ombudsman. I am pleased to announce that the Government support the continuation of these non-departmental public bodies (NDPBs) in their current form. The Department for Work and Pensions has completed a robust examination of the NDPB’s functions, delivery arrangements and governance structures. The review was carried out in line with the Cabinet Office’s key principles for reviews of NDPBs. The Government are satisfied that the organisations continue to be fit for purpose and are delivering what they were set up to do effectively—this is essential in order to maintain consumer’s confidence in pensions. I will place a copy of the review report in the House Libraries.