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<p /> <p /> <p>The responsibility for the oversight of work-based pensions in the
UK rests with the Pensions Regulator which was set up under the Pensions Act 2004.
Parliament gave the Pensions Regulator operational independence, which means that
Ministers are not involved in decisions to exercise its powers or able to intervene
in its casework. It would therefore not be appropriate for Ministers to comment on
any individual pension scheme. Where it appears that scheme abandonment has taken
place, it is a matter for the Regulator to establish whether the legal tests in relation
to its ‘anti-avoidance' powers, including the power to issue contribution notices,
are met.</p>
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