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Occupational Pensions

Volume 202: debated on Tuesday 28 January 1992

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To ask the Secretary of State for Social Security what monitoring of the levels of employer provision for occupational pension funds takes place by Her Majesty's Government; and if he will make a statement on the current trends in provision.

The monitoring of pension funds is a function of the Occupational Pensions Board—OPB—

Asbestos related diseases
References Prescribed diseasePostive diagnosis Prescribed disease
Medical Boarding CentreD1D3D8D9TotalD1D3D8D9Total
1988
Cardiff65353242174223271778
Glasgow1547726132704273115131
London1181784163400461621020238
Manchester1317132272613061910110
Newcastle12177493127817741322126
Sheffield625115411692549432110
Stoke29191296917194444
Swansea8107833391417
ALL CENTRES6885182142341,65420247959114854
1989
Cardiff675524391853651820115
Glasgow16757263028075551121162
London114148344333948134717206
an independent statutory body, and the Inland Revenue. The OPB monitoring is focused on the ability of a fund which is used for contracting out of state earnings-related pensions to meet its liability for guaranteed minimum pensions, and not on the level of the employer's provision. The Inland Revenue monitors occupational pension funds which are tax approved and have 12 or more members by requiring an actuarial valuation every 3.5 years.