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515912

registered interest
date	26/04/2016
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	British Home Stores: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether the Pensions Regulator will appoint an investment bank and retail consultancy to support its investigation into the events preceding BHS going into administration.
tabling member printed	Lord Myners
uin	HL7978
answer	answer is ministerial correction date of answer 03/05/2016 answer text <p>Parliament gave the Pensions Regulator independence in how it operates. It is for the Regulator to determine how it wishes to undertake any investigation into matters relating to the BHS pension scheme.</p><p><strong> </strong></p> answering member printed Baroness Altmann question first answered 03/05/2016 11:41:02 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

515913

registered interest
date	26/04/2016
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	British Home Stores: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will review decisions taken by the Pensions Regulator in connection with the BHS pension schemes.
tabling member printed	Lord Myners
uin	HL7979
answer	answer is ministerial correction date of answer 03/05/2016 answer text <p>In accordance with Parliament’s wishes, the Regulator has operational independence. Whilst performance against its key targets is regularly reviewed by the Department, this does not encompass its regulatory decision-making or the conduct of its investigations. It would be entirely inappropriate and improper for Ministers to comment on or intervene in these areas.</p><p> </p><p><strong> </strong></p> answering member printed Baroness Altmann question first answered 03/05/2016 11:41:23 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

515914

registered interest
date	26/04/2016
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	British Home Stores: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will publish an estimate of the likely impact of the additional levy that will be imposed on well managed and solvent pension schemes in relation to the BHS pension schemes.
tabling member printed	Lord Myners
uin	HL7980
answer	answer is ministerial correction date of answer 09/05/2016 answer text <p>Parliament gave the Pensions Protection Fund independence in how it operates. The PPF sets the pension protection levy at the level it considers necessary to meet its long term funding strategy rather than in direct response to recent claims. Factors relevant to the level of the levy include: the PPF’s existing funding position (£3.6bn in reserves at March 2015); the potential level of future claims; the potential level of assets that may be received from transferred schemes; and expected future investment returns.</p><p> </p> answering member printed Baroness Altmann question first answered 09/05/2016 16:00:44 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

515915

registered interest
date	26/04/2016
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	British Home Stores: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will order an inquiry into actions taken by the trustees of the BHS pension schemes in agreeing revisions to funding rates and supporting the sale of the employer.
tabling member printed	Lord Myners
uin	HL7981
answer	answer is ministerial correction date of answer 03/05/2016 answer text <p>The Pensions Regulator regulates work-based pension schemes, including trust-based schemes. In accordance with Parliament’s wishes, it has operational independence so it would be entirely inappropriate for Ministers to intervene in its decisions or on-going investigations.</p><p> </p> answering member printed Baroness Altmann question first answered 03/05/2016 11:41:48 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners