Pension Funds
The question
To ask the Secretary of State for Work and Pensions, what steps she plans to take to ensure that reform of regulations for accessing surplus in defined benefit pension schemes help improve economic growth.
Answered by Torsten Bell
Trustees will continue to be at the heart of decision making. Working with employers, they will consider how best to use DB scheme surplus to benefit members and employers. More flexibility can fuel growth, provide benefits for the economy and ensure members remain protected. The Government will set out further details in its response to the Options for Defined Benefit schemes consultation this Spring.
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