1. Examines Roles of TPR and PPF and Defined Benefit Schemes
Review of Various Submissions to The Select Committee for Pensions : Occupational Pensioner Associations
Examines Roles of TPR and PPF and Defined Benefit Schemes

2. Problems and Issues Issues to be Tackled Reduction of Deficits
Current and Future Problems facing Pension Schemes
Issues to be Tackled
Defined Benefit Legacy
Three Year Valuations
Managing Deficits
Change of Employer and Overseas Takeover
Strength of Employers Covenant
Trustee Chair & membership
Employee Trusteeship
Active Employee membership and regular Contributions
Reduction of Deficits
Use of any Surpluses
Investment Strategies
Meeting Regulator’s
Levy applied by PPF
Government Legislation

3. OPA: Submission to Select Committee-TPR Role and Powers
Greater Emphasis on Supervision& Regulation
Inadequacy & failure to use regulatory powers
The Level of Resources for TPR & Prioritization
Additional Measures for MultiNationals & ORS
Pre-ClearanceSystem :BHS&BernardMatthews
Powers relatingScheme RecoveryPlans/Timing
Impact of TPR actions on Commercial Policy, Operations and Viability

4. Pensions Protection Fund Role & Operations
Sustainability of Revenue and Asset Funding
Two Year Period required for Assessment
Insolvency or prior still essential to avoid dumping by Companies which seek Exit
No alternative Lifeboat if Insurance takeover unlikely
Takeovers or mergers with Overseas eg. Nortel

5. Roles & Powers of PensionTrustees
Still skewed towards Employer interests
Fewer Employee Trustees from active/retired
Involvement in major Decisions restricted
More Professional or Independent Trustees
50%/50% rule not applied generally
Few Negotiating rights for Pensioners

6. Relationships between TPR, and PPF, Trustees and Employers
Closer Working Relationships required
Exchange and Briefing on key Issues & Problems affecting Pension Fund Operations
Balancing Pension Obligations with Ongoing Viability of Sponsoring Employers: Minimise any adverse impact by managing Cash Flows including restricting or controlling timing of Dividend Payments eg BHS
Impact on Intergenerational Fairness and use of Exceptional Approach & with RPI/CPI Indexation