Written question asked by Anna Turley (Labour) on Wednesday, 4 November 2015, in the House of Commons. It was due for an answer on Monday, 9 November 2015 (named day). It was answered by Anna Soubry (Conservative) on Monday, 7 December 2015 on behalf of the Department for Business, Innovation and Skills.
Sahaviriya Steel Industries UK: Redcar
- Question
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To ask the Secretary of State for Business, Innovation and Skills, when his Department was first made aware that employer pension payments were not being made by SSI UK.
- Answer
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There is a statutory process in place for the reporting of missing pension contributions. Managers of pension schemes are required to report any material non-payment of contributions to The Pensions Regulator within 90 days of those contributions falling due. There is no role for my department in this process.
In insolvency situations, such as SSI’s liquidation, unpaid pension contributions can be claimed from the Redundancy Payments Service within specified legal limits. If there are unpaid contributions, then the manager of the pension scheme will submit a claim to the Redundancy Payments Service on behalf of employees.
As part of his role as liquidator of SSI UK, the Official Receiver will look into all aspects leading to the company’s failure, including the directors’ conduct.
Secondary information
- Type
- Written question
- Reference
- 14917
- Session
- 2015-16
- Subjects
- Iron and steel Pensions Redcar Sahaviriya Steel Industries UK
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2016-07-05 18:50:07 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2015-16/14917
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