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Businesses: Orders and Regulations

Volume 458: debated on Wednesday 14 March 2007

To ask the Secretary of State for Work and Pensions what his most recent estimate is of the (a) one-off cost and (b) recurring costs of implementing the Occupational Pensions Schemes (Winding Up , Deficiency on Winding Up and Transfer Values) (Amendment) Regulations 2005 to (i) businesses and (ii) the regulators. (126652)

The Occupational Pension Schemes (Winding Up, Deficiency on Winding Up and Transfer Values) (Amendment) Regulations 2005 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. The cost to the relevant pensions regulatory authority of implementing the regulations, if any, is not separately identifiable.

To ask the Secretary of State for Work and Pensions what his most recent estimate is of the (a) one-off cost and (b) recurring cost of implementing the Occupational Pensions Schemes (Winding Up and Deficiency on Winding Up etc) (Amendment) Regulations 2004 to (i) businesses and (ii) the regulators. (126657)

The Occupational Pension Schemes (Winding Up and Deficiency on Winding Up etc) (Amendment) Regulations 2004 were accompanied by a regulatory impact assessment (RIA), copies of which are available in the Library. The RIA included an assessment of the impact of the regulations on business. The cost to the Occupational Pensions Regulatory Authority (Opra) of implementing the regulations, if any, is not separately identifiable.