Draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025 Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
John Milne
Main Page: John Milne (Liberal Democrat - Horsham)Department Debates - View all John Milne's debates with the Department for Work and Pensions
Draft Occupational Pension Schemes (Collective Money Purchase Schemes) (Extension to Unconnected Multiple Employer Schemes and Miscellaneous Provisions) Regulations 2025
John Milne Excerpts(1 day, 6 hours ago)
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John Milne (Horsham) (LD)
The Liberal Democrats largely welcome all the measures in this legislation. We also agree that it will be of great benefit. I am seeking clarity on just one thing: communications. CDC schemes are harder to explain than DB guarantee or DC individual pot arrangements. Misunderstanding could lead to some negative consequences. I understand that the idea is that minimum communication standards will be in place, overseen by the Pensions Regulator. What might that consist of? Does the regulator approve a communications programme in advance or check it afterwards? Does it have minimum numbers of comms going out or timings? Could the Minister give some clarity on exactly what is proposed?