Member

Amendment 81 in the name of the noble Baroness, Lady Bowles of Berkhamsted, proposes to add a new condition excluding pots where individuals have signalled an employment break. Under Clause 115, we have taken a power to require employers to provide more up-to-date information to schemes. This could extend to requiring details of planned breaks in employment to be provided. So far, following extensive engagement with industry, this has not been identified as a fundamental issue, but the power is there and we will watch it. Including this requirement now would risk adding complexity and administrative burden. It is important to balance burden against benefit; we think that the current framework achieves that by focusing on genuinely dormant pots while maintaining robust opt-out provisions for members.