Skip to main content

Occupational Pensions

Volume 458: debated on Tuesday 13 March 2007

To ask the Secretary of State for Work and Pensions what estimate he has made of the (a) one-off and (b) recurring cost of implementing the Occupational Pension Schemes (Minimum Funding Requirement and Miscellaneous Amendments) Regulations 2002 to (i) businesses and (ii) the regulators. (125620)

The Occupational Pension Schemes (Minimum Funding Requirement and Miscellaneous Amendments) Regulations 2002 were accompanied by a regulatory impact assessment (RIA), a copy of which is available in the Library. The RIA included an assessment of the impact of the regulations on business, although this will have been affected by the subsequent replacement of the minimum funding requirement by new scheme funding requirements from December 2005. The cost to the Occupational Pensions Regulatory Authority (OPRA) of implementing the regulations, if any, is not separately identifiable.