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To ask the Secretary of State for Work and Pensions, if he will make a statement on the outcome of his Department's discussions with representatives of the Maxwell Communications Pension Plan.

Asked by

Mark Todd (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 December 2002

Reference

88315; 396 c1027-8W;396 c1025-6W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what obligations on pension trustees are imposed by the Occupational Pensions Regulatory Authority to notify changes in status of schemes; and how many such changes (a) overall and (b) involving closure have been so notified in each of the last...

Asked by

Lord Boswell of Aynho (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

26 March 2002

For answer on

9 May 2002

Answered on

9 May 2002

Mr. Boswell: To ask the Secretary of State for Work and Pensions what obligations on pension trustees are imposed by the Occupational Pensions Regulatory Authority to notify changes in status of schemes; and how many such changes (a) overall and (b) involving closure have been so notified in each of the last three years. [47657] Mr. McCartney: In almost all cases it is a legal requirement for pension scheme trustees to register details of their schemes with the Pension Schemes Registry which is run by the Occupational Pensions Regulatory Authority (Opra). On registration, trustees are required to tell the Registry for example: whether the scheme is an open, closed or frozen scheme; and whether the scheme provides money purchase benefits, benefits other than money purchase benefits, or a combination of both. Trustees must, by law, notify the Registry of any change to this information within 12 months of the occurrence of that change. If trustees, without reasonable cause, fail to comply with this requirement Opra can fine them. The numbers of schemes reporting (a) any status change and (b) closure, in each of the last three years, are shown in the table. Pension schemes that have reported (a) any change of status and (b) closure in each of the last three years _________________________________________________________________________________________________. (a) Total number of schemes reporting any (b) Numbers of schemes closed during the changes in status during the year year 1999-2000 3,233 308 2000-01 2,080 336 2001-02 1,703 245 _________________________________________________________________________________________________. Notes: 1. The information is based on data held by the Pension Schemes Registry (PSR). It covers all schemes including those offering salary-related benefits, money-purchase benefits and mixed benefits as well as schemes where the benefit type is not recorded in the PSR system. 2. A scheme's status will be one of the following. Open schemes admit new members. Closed schemes do not admit new active members, but allow existing members to continue to accrue benefits. Frozen schemes do not allow any future accruals. Schemes starting to wind up are also frozen. Schemes that have completed wind up have no members--all assets are realised and all liabilities are discharged. Column (a) shows all changes in status with an effective date during the specified year. 3. The PSR system holds information on the most recent change in scheme status and the effective date of the change. Because of the way the data are held a later change will overwrite an earlier change, so data for earlier years become increasingly inaccurate. Trustees are required to report changes within 12 months so there is likely to be a lag before the data reflect what is happening currently.

Date

9 May 2002

Reference

47657; 385 c312W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, if he will take steps to remove company representatives from the management of pension funds.

Asked by

Lord Watts (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

30 April 2002

Reference

51373; 384 c713W;384 c712W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what plans he has to reform the regulations that govern the arrangements for electing trustees to the boards of occupational pension schemes. - (Holding answer 1 February 2002).

Asked by

Steve Webb (Liberal Democrat)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

12 February 2002

Reference

32619; 380 c251-2W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what plans he has to ensure pension providers transfer funds from one provider to another in a timely and proper fashion.

Asked by

Bill Wiggin (Conservative)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

26 November 2001

Reference

9428; 375 c705W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, if he will make a statement on investigation into the Warwick Group Pension Scheme, the Delenholt Pension and Life Assurance Scheme and the Warwick Sport and Leisure Ltd Retirement Benefits Scheme, including actions by (a) the Pensions Ombudsman and (b)...

Asked by

Richard Burden (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Tabled on

18 October 2001

For answer on

1 November 2001

Answered on

1 November 2001

Richard Burden: To ask the Secretary of State for Work and Pensions if he will make a statement on investigation into the Warwick Group Pension Scheme, the Debenholt Pension and Life Assurance Scheme and the Warwick Sport and Leisure Ltd. Retirement Benefits Scheme, including actions by (a) the Pensions Ombudsman and (b) the independent trustees (i) in respect of these schemes and (ii) in respect of the former trustees Norman and Simon Gidney. [9652] Mr. McCartney: The Pensions Ombudsman has received complaints in relation to the Warwick Group Pension Scheme and the Debenholt Pension and Life Assurance Scheme. He has issued his determination in respect of a number of the complaints made, others remain to be considered. The Pensions Ombudsman is an independent statutory commissioner and we cannot comment on his determinations or on actions taken during his investigation of complaints. Copies of his determinations are available on the Pensions Ombudsman's website. The Independent Trustee is still taking action to wind up the Warwick Group Pension Scheme and the Debenholt Pension and Life Assurance scheme which are associated schemes. The Warwick Sport and Leisure Ltd. Retirement Benefits Scheme has been wound up. The Occupational Pensions Regulatory Authority has investigated breaches of the Pensions Act 1995 in relation to all three schemes. As a result of its investigation Mr. N. Gidney and Mr. S. Gidney were both disqualified from acting as a trustee of any occupational pension scheme and fined in respect of 13 breaches of the Pensions Act 1995.

Legislation

Pensions Act 1995

Date

1 November 2001

Reference

9652; 373 c845-6W;373 c847-8W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what plans there are to ensure that occupational pension schemes have independent chairmen.

Asked by

Gwyneth Dunwoody (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 July 2001

Reference

4620; 372 c413W;372 c414W

House

House of Commons

Dept for Work and Pensions

To ask the Secretary of State for Work and Pensions, what plans there are to ensure that members of an occupational pension fund benefit from it in proportion to their contributions.

Asked by

Gwyneth Dunwoody (Labour)

Answering body

Department for Work and Pensions

Type

Written questions

Status

Answered

Date

19 July 2001

Reference

4621; 372 c413W;372 c414W

House

House of Commons

Dept of Trade and Industry

Answered by

Ian McCartney (Labour)

Answering body

Department of Trade and Industry

Type

Oral answers to questions

Date

5 March 1998

Reference

307 c1184-5

House

House of Commons

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