New Determinations Panel chair announced
Friday 14 December 2012
Author: Media team
The new chair of The Pensions Regulator’s Determinations Panel was today announced as Andrew Long.
Mr Long has been a member of the Determinations Panel (‘the panel’) since 2011. He is also currently acting chair of the Regulatory Decisions Committee at the Financial Services Authority (FSA) and is a judge of the First-tier Tax Tribunal.
Mr Long will take up his position in April 2013. He will be the second person to hold the post.
The current panel chair John Scampion will be standing down in April after his second term of office.
Michael O’Higgins, chair of The Pensions Regulator, said: “John has done an excellent job over the last eight years, presiding over the panel since its inception. We are grateful for his commitment and leadership throughout his tenure, and for the quality of the panel’s independent decision-making as new and more complex risks have emerged. I am confident that the panel will continue its high quality of work under Andrew’s leadership.”
Welcoming his new successor, Mr Scampion said: “Andrew brings a great amount of experience and knowledge to the role. I shall step down in the knowledge that the panel is in extremely capable hands and I wish him every success.
“The panel’s success lies in the expertise and diversity of knowledge that panel members have brought to the table, enabling decisions on a variety of cases, a number of which have been complex and some have been high-profile in the area of pensions law.”
Speaking on his appointment, Mr Long said: “I’m delighted and look forward to chairing the panel from April. The panel has a key role in pensions regulation, and I expect the cases on which the regulatory teams seek the panel’s determination to continue to be both challenging and interesting.”
- The Determinations Panel has a chair and at least six panel members. It is responsible for making decisions relating to individual cases where The Pensions Regulator seeks to use specific powers that are reserved to the Determinations Panel.
- The panel can make a determination where:
- a problem has arisen in a scheme that the regulator considers can be put right with the use of one of its powers; or
- an application has been made by trustees, managers, members or employers of a scheme for the regulator to use a reserved power.
- Members of the panel are not involved in investigating cases. Panel members have a broad mix of relevant experience in areas such as law and finance.
- The Pensions Regulator is the regulator of work-based pension schemes in the UK. It has objectives to: protect members’ benefits; to reduce the risk of calls on the Pension Protection Fund (PPF); to promote, and to improve understanding of, the good administration of work-based pension schemes; and to maximise employer compliance with automatic enrolment duties.
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