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Occupational Pensions

Volume 476: debated on Monday 2 June 2008

To ask the Secretary of State for Work and Pensions what estimate he has made of the number of members of defined-benefit occupational pension schemes that (a) have wound up and (b) have been in the process of winding up since 1997. (203263)

The following information was provided by the pensions regulator:

(a) Records show that 7659 defined benefit occupational schemes have a 'wound up' status with an effective date of 2 April 1997 or later.

(b) Records show that 1012 defined benefit schemes have a 'winding up' status with an effective date of 2 April 1997 or later.

Notes:

1. A wound up scheme is one which has notified the pensions regulator that it has completed winding up procedures.

2. A winding up scheme is one which has notified the pensions regulator that it has commenced winding up procedures.

3. The data supplied by the pensions regulator is current as at 30 April 2008.

4. Total membership includes active, deferred and pensioner members.