Member

Government Amendment 21 in my name relates to the reforms to give trustees greater flexibility to release surplus from well-funded DB schemes, and I thank the noble Baroness, Lady Stedman-Scott, for her support for this. Amendment 21 is a minor and technical one that corrects an omission in the original wording of the Bill. Clause 10(6) refers to Section 76 but does not specify that this is in relation to the Pensions Act 1995. For clarity, this amendment inserts the words “of the Pensions Act 1995” after “Section 76”.