Dan Jarvis – 2014 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Dan Jarvis on 2014-05-08.

To ask the Secretary of State for Work and Pensions, when he expects the Pension Regulator to conclude its investigation into the Carrington Wire pension scheme.

Steve Webb

This is a matter for the Pensions Regulator which has operational independence.

Inevitably in complex cases involving foreign companies where it appears that scheme abandonment may have taken place, it can take some time for the Regulator to complete the thorough investigations needed to establish whether the legal tests in relation to its ‘anti-avoidance’ powers, including the power to issue contribution notices, are met.