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Lord Howell of Guildford (Con)

Speaking in the House of Lords on 4 February 2025

Debate

Pension Fund Reliefs

Contribution

My Lords, one way of making pension funds better able to support British industry would be to amalgamate many of the smaller ones and increase their efficiency. I think this idea has already been mooted and discussed. Is there not a further thought that the large area of public service pensions, which are unfunded—not local government, which is funded—should be considered being made into funded pensions? Would that not also help to reinforce pensions’ contribution to our nation?

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