Bernard Matthews Pension Fund: Committee publishes Pensions Regulator letter
4 October 2016
The Work and Pensions Committee has published the response of Lesley Titcomb, Chief Executive of the Pensions Regulator, to Frank Field's letter regarding their actions in respect of the Bernard Matthews Pension Fund.
- Read Lesley Titcomb's response re Bernard Matthews Pension Fund
- Read Frank Field's letter to Lesley Titcomb re Bernard Matthews Pension Fund
- Work and Pensions Committee
Frank Field MP, Chair of the Work and Pensions Committee, said:
"The Pensions Regulator is right in using its powers to see if the dumping of the Bernard Matthews Pension Fund in to the Pension Protection Fund is a new way of ripping off pensioners.
Whatever the specifics of this case, however, it is apparent that the current regulatory regime is vulnerable to companies seeking to shed pension promises at the expense of pensioners. The Select Committee will quickly make proposals to the Government on how to prevent this happening."