Arcadia Group: Pensions

(asked on 2nd December 2020) - View Source

Question to the Department for Work and Pensions:

To ask Her Majesty's Government what plans they have, if any, to ask the Pensions Regulator to investigate (1) the competence, (2) the conduct, and (3) the decisions, of the trustees of the various Arcadia pensions schemes.


This question was answered on 9th December 2020

The Pensions Regulator is an independent body. The Honorable Lord can refer back to the statement made by the Secretary of State for BEIS in December. The Pensions Regulator has a range of powers to protect pension schemes, and it works closely with other organisations who are addressing the Arcadia business. The Pension Schemes Bill currently progressing through Parliament includes measures to enhance these powers and includes improvements to assist with investigations.

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