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518105

registered interest
date	09/05/2016
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, the Pensions Regulator, or the Pension Protection Fund have in the last three years had discussions with BHS, Lady Green or Sir Philip Green concerning the deficit in the BHS pension fund and a scheme to reduce that deficit.
tabling member printed	Lord Myners
uin	HL8265
answer	answer is ministerial correction date of answer 12/05/2016 answer text <p>The Pensions Regulator and the Pension Protection Fund are independent bodies and in carrying out their functions they may meet individuals involved with pension schemes.</p><p> </p><p>Ministers have engaged with a range of sponsoring employers of Defined Benefit pensions schemes as a matter of routine, including Sir Philip Green, as part of their normal considerations of the pensions landscape but oversight of the scheme funding regime for Defined Benefit schemes is a matter for the Pensions Regulator. It would not be appropriate for Ministers to intervene in individual cases or to discuss with the Regulator, the Pension Protection Fund or the scheme sponsor how a particular scheme’s pension deficit should be mitigated.</p><p><strong> </strong></p><p> </p><p><strong> </strong></p> answering member printed Baroness Altmann question first answered 12/05/2016 10:10:01 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

518106

registered interest
date	09/05/2016
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 BHS pension fund has now transferred to the Pension Protection Fund (PPF) or whether the owner, former owner, or secured creditors are still able to make a financial contribution to obviate a need to transfer the fund to the PPF.
tabling member printed	Lord Myners
uin	HL8266
answer	answer is ministerial correction date of answer 11/05/2016 answer text <p>The BHS pension schemes are in Pension Protection Fund (PPF) assessment periods. During this period the schemes are able to accept contributions from the sponsoring employer to cover its debts to the schemes. They are also able to receive recoveries as a creditor or through the use of the Regulator’s powers. If the scheme assets are shown to be sufficient to buy its members annuities at least as good as the compensation paid by the PPF, the scheme will not transfer into the PPF.</p><p><strong> </strong></p> answering member printed Baroness Altmann question first answered 11/05/2016 14:45:49 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

516984

registered interest
date	03/05/2016
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, or charge others to review, the performance of the trustees of the BHS pension schemes, and whether the current trustees are fit and proper to continue performing that role at BHS and other pension schemes.
tabling member printed	Lord Myners
uin	HL8139
answer	answer is ministerial correction date of answer 12/05/2016 answer text <p>The investigation into the BHS pension schemes, including the role of the trustees, is a matter for the independent Pensions Regulator.</p><p> </p><p> </p><p>The actions of the trustees and competence of the trustees are among the issues that we would expect the Regulator to be considering as part of its investigations.</p> answering member printed Baroness Altmann question first answered 12/05/2016 10:03:40 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

516988

registered interest
date	03/05/2016
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, further to the Written Answer by Baroness Altmann on 28 April (HL7905), whether the Pensions Regulator has taken any action in the case of the BHS pension scheme in order to fulfil its statutory duty to reduce the risk of situations that may lead to claims for compensation from the Pension Protection Fund, and what assessment they have made of whether the Pensions Act 2004 provides adequate protection to pension scheme members.
tabling member printed	Lord Myners
uin	HL8143
answer	answer is ministerial correction date of answer 11/05/2016 answer text <p>The investigation into the BHS pension schemes and any associated action is a matter for the independent Pensions Regulator.</p><p> </p><p>Once the Regulator has completed its investigation, any subsequent determination will be published on its website.</p><p> </p><p>The Government considers that the Pensions Act 2004 provides the Regulator with a sufficient range of measures to protect pension scheme members and the Pension Protection Fund, including anti-avoidance powers to enable it to act where corporate transactions are aimed at avoiding debts to the pension scheme. The powers of the Regulator are kept under review.</p><p> </p><p><strong> </strong></p> answering member printed Baroness Altmann question first answered 11/05/2016 11:31:25 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners

517005

registered interest
date	03/05/2016
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	Poverty
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 effectiveness of policies and programmes aimed at tackling poverty, in the light of the study by the Joseph Rowntree Foundation, <i>Destitution in the UK</i>, which found that over a million people were destitute at some point in 2015.
tabling member printed	Lord Ouseley
uin	HL8160
answer	answer is ministerial correction date of answer 09/05/2016 answer text <p><strong> </strong></p><p>This Government has introduced a wide range of policies and programmes to transform lives, from the flagship reform of Universal Credit to the Troubled Families Programme and the Pupil Premium. The majority of these programmes are audited</p><p> </p><p>We know that work is the best route out of poverty. Evidence shows that almost three-quarters of poor workless families who found full employment escaped poverty; and that the highest poverty exit rate of 75% was for children living in families that moved from part to full employment.</p><p>That is why this Government is committed to policies that provide people with the support they need at all stages to get into work, increase their earnings, and keeping more of what they earn. <br></p> answering member printed Lord Freud question first answered 09/05/2016 13:58:27 answering member 3893 label Biography information for Lord Freud
tabling member	2170 label Biography information for Lord Ouseley

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

515521

registered interest
date	25/04/2016
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	Pension Protection Fund
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they will review the financial strength of the Pension Protection Fund.
tabling member printed	Lord Myners
uin	HL7901
answer	answer is ministerial correction date of answer 28/04/2016 answer text <p>The Pension Protection Fund is run by an independent Board and reviews its financial position regularly. It manages over £23 billion of assets and, in the 2014/15 Annual Report, the last published, declared a funding ratio of 115.1 per cent and a surplus of £3.6 billion.</p><p><strong> </strong></p> answering member printed Baroness Altmann question first answered 28/04/2016 11:31:07 answering member 4533 label Biography information for Baroness Altmann
tabling member	3869 label Biography information for Lord Myners