FOI reference - FOI-163
Date - 2 October 2023
Request
Please can you provide details of your interactions with this trust and scheme.
Who is the holding company (HMRC) as the entry on companies house for LifeSight is a dormant organisation?
Please can I have copies of the discussions you have had linked to the Master trust schemes supervision and enforcement policy? What findings and actions are in progress?
My employer is currently consulting with us thru 10 November on moving our company managed DC scheme to this company.
Response
I confirm that we hold some of the information you have requested. However, some of the information you have requested is exempt from disclosure.
TPR have authorised LifeSight. The following page on our website explains what this means - List of authorised master trusts
Section 44(1)(a) – restricted information under s82 PA04
Information about TPR’s interactions (if any) with LifeSight is Restricted Information
As we have been given strong powers to demand documents and other information from trustees, employers and others, those powers are also balanced by restrictions on how we disclose the information provided to us. The type of information you have requested would be ‘restricted information’. Restricted information is defined at section 82(4) of the Pensions Act 2004 (PA04) as:
‘…information obtained by the Regulator in the exercise of its functions which relates to the business or other affairs of any person’.
Under section 82(5) of the PA04 it is a criminal offence to disclose such information except as permitted under that Act.
Whilst the FoIA is based on the presumption of releasing information, section 44(1)(a) of the FoIA provides an absolute exemption to the requirement to disclose any information if its disclosure is prohibited by, or under, any enactment. In this case, section 82 of the PA04 prohibits disclosure and we are unable to disclose the requested information. This exemption is absolute and does not require a public interest assessment be undertaken.
Advice and assistance
LifeSight’s company information is in the public domain and can be accessed on the GOV.UK website: LifeSight Limited overview