M
Member
Speaking in the House of Lords on 19 January 2026
Debate
Pension Schemes BillContribution
On Amendment 42 from the noble Baroness, Lady Noakes, all I can say is that the Government have been clear that the decision on whether a surplus is released and the right balance between the employer and the member should remain in the hands of the trustees to negotiate with the employer. We will not mandate how surplus should be used once it is released by trustees to the employer. I do not think I could be any clearer than that.
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