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date	2019-06-05
tabling member › label	Biography information for Lord Myners
answering dept id	29
min answer › question first answered	2019-05-22T14:10:53.393Z
registered interest	false

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registered interest

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

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answer text

answering member printed

question first answered

answering member


label

tabling member


label

1130254

registered interest

date

05/06/2019

answering body

Department for Work and Pensions

answering dept id

answering dept short name

Work and Pensions

answering dept sort name

Work and Pensions

hansard heading

Arcadia Group: Pensions

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government what plans they have to review (1) decisions taken by the trustees of the Arcadia Group Pension Scheme which may have contributed to an aggregate deficit of liabilities over assets of some £700 million, (2) the oversight of the Arcadia Scheme by the Pensions Regulator, and (3) the Pensions Regulator's use of its powers in relation to the Arcadia Scheme.

tabling member printed

Lord Myners

uin

HL16115

answer

is ministerial correction

date of answer

19/06/2019

answer text

The Government cannot intervene with the decisions taken by trustees of pension schemes. The Pensions Regulator is an independent body, and as such the Government cannot comment on any cases dealt with by the Regulator. Due to this, the Government does not have plans to review the oversight exercised over the Arcadia scheme, or the use of powers in relation to the scheme.

answering member printed

Baroness Buscombe

question first answered

19/06/2019 15:46:29

answering member

3349

label	Biography information for Baroness Buscombe

tabling member

3869

label	Biography information for Lord Myners