The Occupational Pensions Regulatory Authority (Opra) has decided to publish the results of 52 ...
The Occupational Pensions Regulatory Authority (Opra) has decided to publish the results of 52 determinations by the Opra Board on its website thereby putting an end to its more discreet policy of just publishing the results of its civil hearings anonymously in its Opra Bulletin publication.
The disclosure of this information on the website, says the regulator, should bring it into line with the general principle underlying the Human Rights Act requirement, that justice should be public. Opra also considers the move to be an important preparatory step in advance of the Freedom of Information Act becoming law in 2003.
The web pages offer a search facility that enables users to search for specific schemes or employers and check whether they have been the subject of a determination by the Opra board. It will also be possible to search by date and by type of breach.
Opra hopes the new facility will encourage pension scheme members to take a closer interest in how well their own pension scheme is being run.
A more detailed discussion of Opra's aims and objectives in disclosing information about Opra Board determinations is provided by an article in Opra Bulletin 21.
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