Pensions: Surpluses
The question
To ask the Secretary of State for Work and Pensions, whether her Department has had discussions with private pension schemes on ensuring that people who have made contributions to defined benefit private pensions are able to benefit from a pension surplus.
Answered by Torsten Bell
The Department for Work and Pensions consulted on surplus release from defined benefit pensions schemes last year. Throughout the consultation, and in developing the consultation response and the Pension Schemes Bill, the Department has engaged with pension schemes, representatives of their members, sponsoring employers and trustees. We recognise the valuable perspectives of stakeholder groups.
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