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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Pensions: Ombudsman: Feedback report on consultation of enhancing remit of complaints

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 10 August 2023:

Decision Reference:  MD-CM-2023-534

Public

Subject: Publication of the feedback report on the consultation enhancing the remit of the Ombudsman for pension related complaints

 

Report Title: Feedback report - Consultation enhancing the remit of the Ombudsman for pension related complaints

Public

Decision(s):

The Assistant Chief Minister with responsibility for Financial Services approved the publication of the feedback report on the consultation enhancing the remit of the Ombudsman for pension related complaints.

Reason for Decision(s):

The last Government committed to regulating Jersey’s pension market. This commitment was reaffirmed by the new Government, and it forms part of the Ministerial Plan for financial services. To avoid over-burdening industry and private pension arrangements, it was determined that the delivery of pension regulation should be phased with the most immediate consumer harms and potential harms being addressed first. The final stage is to build a comprehensive framework for the regulation of Jersey’s pension market. The consultation and the proposed draft Financial Services Ombudsman (Amendment)(Jersey) Law 202- (“Draft Amendments”) included in the consultation address Phase 2 of Pension Regulation. This report outlines the feedback received from the consultation.

Resource Implications: There are no financial/manpower implications arising from this decision.

 

Action Required: Department to arrange publication of the feedback report.

Signature:

 

 

Signed By: Deputy Elaine Millar

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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