Torsten Bell

Torsten Bell

Labour — Swansea West

Speaking in the House of Commons on 12 October 2026

Debate

Pension Scheme Surpluses

Contribution

The Government’s reforms provide greater flexibility for well-funded defined-benefit pension schemes to share surplus with employers and to benefit members. Scheme trustees, who must act in the interests of scheme beneficiaries, are best placed to determine the appropriate use of any surplus for their individual scheme. Trustees will agree how members can benefit, working with sponsoring employers.

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