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1205030

registered interest
date	17/06/2020
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	Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the Social Market Foundation's proposal in Investing in Britain's future: Financing and funding infrastructure after the Coronavirus crisis, published on 15 June, to create pension superfunds to invest in infrastructure and support economic recovery; and when they expect to report on progress made in pension fund consolidation, after consultation with relevant stakeholders.
tabling member printed	Lord Myners
uin	HL5871
answer	answer is ministerial correction date of answer 08/07/2020 answer text <p>On 18 June, The Pensions Regulator published its interim regime for Defined Benefit pension superfunds, which is effective immediately. This is a significant step in progressing this policy area which has the potential to benefit employers, savers and wider society.</p><p> </p><p>The government recognises the potential large superfunds have to deploy significant capital in the investment markets that could benefit the wider economy. We expect superfunds will operate a well-diversified portfolio which may include investment in suitable infrastructure projects where the long term nature of returns are suited to long term pension liabilities.</p><p> </p><p>A written statement on this subject has now been published and a copy is attached.</p> answering member printed Baroness Stedman-Scott question first answered 08/07/2020 13:35:46 answering member 4174 label Biography information for Baroness Stedman-Scott attachment 1 file name House of Lords Written Statement.pdf title Pensions: Interim Guidance for “Superfunds”
tabling member	3869 label Biography information for Lord Myners

1257886

registered interest
date	02/12/2020
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	Arcadia Group: Pensions
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what plans they have, if any, to ask the Pensions Regulator to investigate (1) the competence, (2) the conduct, and (3) the decisions, of the trustees of the various Arcadia pensions schemes.
tabling member printed	Lord Myners
uin	HL11040
answer	answer is ministerial correction date of answer 09/12/2020 answer text <p>The Pensions Regulator is an independent body. The Honorable Lord can refer back to the statement made by the Secretary of State for BEIS in December. The Pensions Regulator has a range of powers to protect pension schemes, and it works closely with other organisations who are addressing the Arcadia business. The Pension Schemes Bill currently progressing through Parliament includes measures to enhance these powers and includes improvements to assist with investigations.</p> answering member printed Baroness Stedman-Scott question first answered 09/12/2020 17:05:13 answering member 4174 label Biography information for Baroness Stedman-Scott
tabling member	3869 label Biography information for Lord Myners