§ Mr. WillettsTo ask the Secretary of State for Social Security what the Government's estimate is of the fines likely to be imposed on employers who fail to offer access to a stakeholder pension; and what leeway will be offered to employers in the first year of the scheme. [157071]
§ Mr. RookerThe Occupational Pensions Regulatory Authority (Opra) will have the power to impose fines, under the Pensions Act 1995, on an organisation for failure to provide employer access to a stakeholder488W pension. The level of any fine will depend upon the circumstances surrounding a breach, including how the employer has responded on being contacted about the breach.