Pensions

(asked on 6th October 2017) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what plans the Government has to establish an approved list of regulated pension schemes with regulated underlying investments that are deemed safe; and if he will make a statement.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 11th October 2017

Pension schemes are registered with The Pensions Regulator (TPR). This is not the same as approval.

The exception to this ‎will be master trusts, where in due course schemes will be directly authorised by TPR. The Pension Schemes Act 2017 requires TPR to publish a list of authorised master trusts. This list will be available after authorisation commences which is expected to be in October 2018. A scheme will be authorised where TPR is satisfied that it meets the authorisation criteria on fitness and propriety, systems and processes, scheme funder, financial sustainability and continuity strategy however, TPR will not be responsible for regulating their investment strategies.

Regulated investments are a matter for the FCA.

Reticulating Splines