Article 8 Ombudsman for the Board of the Pension Protection Fund

After section 212 of the Pensions Act 2004^f1 (annual reports to the Secretary of State) insert—

“Accounts and audit

212A.

(1)

As soon as is reasonably practicable, the PPF Ombudsman shall send to the Comptroller and Auditor General a statement of the PPF Ombudsman’s accounts in respect of a financial year.

(2)

The Comptroller and Auditor General shall—

(a)

examine, certify and report on a statement received under this section; and

(b)

send a copy of the statement and the report to the Secretary of State who shall lay them before Parliament.

(3)

In this section “financial year” means a period of 12 months ending with 31st March.”