M

Member

Speaking in the House of Lords on 19 January 2026

Debate

Pension Schemes Bill

Contribution

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.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

Partner sites