§ Mr. WillettsTo ask the Secretary of State for Work and Pensions how many non-compliant pension schemes have been named by the Occupational Pensions Regulatory Authority, broken down by the different types of offence. [50036]
§ Mr. McCartneyUnder pensions legislation, the Occupational Pensions Regulatory Authority (Opra) may publish the details of particular cases as they think fit. Up until June 2001, Opra used its discretion to name six of the most serious cases. Since June 2001, it has decided to publish the names of all schemes against which a penalty has been imposed. 201 such schemes have been named to date.
The table shows a breakdown of offences.
Type of offence Before June 2001 After June 2001 No auditor 3 32 No actuary 2 1 No statement of investment principles 2 0 Breach of disclosure regulations 3 0 No internal dispute resolution 2 2 No member nominated trustee or director 1 2 No or late payment schedule —— 3 Late accounts or auditors statement —— 125 Late contributions —— 118 No minimum funding requirement valuation —— 5 Note:
The data are shown by offence and not simply by named schemes. About 40 schemes have been named in connection with more than one offence——for example one scheme had committed five different offences. Consequently the total of the figures in the table is more than the total number of schemes that have been named.