Clause 27 - Notification of trustees, managers,
Pensions Bill
10:30 am
Mr Chris Pond (Parliamentary Under-Secretary, Department for Work and Pensions; Gravesham, Labour)
I agree wholeheartedly that we want members to know about the circumstances and requirements of freezing orders. Although the regulator will have relatively easy access to trustees, managers and employers, we are talking about a wide variety of schemes. Some are large, some are small, some are spread across different sections of a company and some are spread across borders. Therefore, ensuring the regulator's quick access to members is much more difficult. It is for that reason that the Bill requires the trustees, managers and employers to be informed by the regulator, and the regulator may inform members. Indeed, where there is easy access to the membership, the regulator will probably decide to do that.