Member

The noble Viscount, Lord Thurso, said that we all want the right surplus level—essentially, that is what we are all shooting for. But the real questions is: what is safe? Why do we think this is a safe thing to do? Through a succession of pension legislation since 1995, there is now robust regulatory oversight of occupational pension schemes designed to reduce the risk of fraud, ensure good standards of governance and help to maintain a strong funding position.