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Opra: tackling the risks to pension scheme members
 — report by the Comptroller and Auditor General
Corporate AuthorNational Audit Office - NAO
PublisherThe Stationery Office, London, 2002
Pages60 pp (HC 1262 Session 2001/02)
SourceTSO, PO Box 29, Norwich, NR3 1GN.
KeywordsPrivate pensions ; Rights [elderly] ; Central government departments and agencies ; Government publications.
AnnotationWork-based pensions - comprising occupational, personal and stakeholder pensions - are a major source of income for people after retirement. It is government policy that such pensions should provide an increasing proportion of post-retirement income. This report examines how the Occupational Pensions Regulatory Authority (Opra) seek to protect the interests of people who belong to an occupational pension scheme or other work-based pension. It finds that while Opra has encouraged better governance of pension schemes, the current regulatory arrangements tackle only some of the risks to pension provision. Indeed, while Opra's work has focused on the low risks to scheme members, Opra has taken a long time to develop an approach to identifying high risk schemes, and its objectives do not clearly articulate how its work should protect pension scheme members. (RH).
Accession NumberCPA-030410002 B
ClassmarkJK: IKR: PC: 6OA

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