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

My final question is on surpluses. I should know the answer to this but, in setting up CDCs, is it expected that they will have a surplus or will the safeguards for CDCs lie with the sponsors? I use that word in line with what the noble Lord, Lord Davies, said. It would be helpful to know where we are with that because surpluses will, I am sure, be the subject of much debate in the forthcoming pensions Bill.

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