British Home Stores: Pensions

(asked on 18th July 2016) - View Source

Question to the Department for Work and Pensions:

To ask Her Majesty’s Government what discussions they have had with the Pensions Regulator about the length of time it will require to report on the BHS pension scheme; and whether they plan to communicate that information to fund managers.


Answered by
Lord Freud Portrait
Lord Freud
This question was answered on 1st August 2016

The right approach is to allow the Pensions Regulator to get on with its investigations into the use of its anti-avoidance powers. There is a clear legal process that must be followed and this can sometimes take a considerable amount of time. The Pensions Regulator’s Chief Executive has given a commitment that it will have made significant progress by the end of 2016. It has said that when it becomes appropriate to do so it will consider publishing a report of the case under Section 89 of the Pensions Act 2004. The Regulator is independent and Ministers cannot become involved in its decisions on whether or not to exercise its powers or seek to influence its investigations in any way.

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