M

Member

Speaking in the House of Lords on 8 December 2025

Debate

Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025

Contribution

Let me now delve into our concerns. The first area of concern is consultation. We need clarity on who has been engaged and, notably, who has not. Many admitted bodies in the Local Government Pension Scheme, for example, might see CDC as a useful midpoint between the Local Government Pension Scheme and DC upon an affordable exit, yet it appears that they were not consulted. Can the Minister comment on that? As this policy expands from a single scheme to what could become a diverse market with unconnected multi-employer connections, transparency on consultation stages and milestones becomes more, not less, important.

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