Pension Funds

(asked on 21st February 2025) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what steps she plans to take to ensure that reform of regulations for accessing surplus in defined benefit pension schemes help improve economic growth.


Answered by
Torsten Bell Portrait
Torsten Bell
Parliamentary Secretary (HM Treasury)
This question was answered on 27th February 2025

Trustees will continue to be at the heart of decision making. Working with employers, they will consider how best to use DB scheme surplus to benefit members and employers. More flexibility can fuel growth, provide benefits for the economy and ensure members remain protected. The Government will set out further details in its response to the Options for Defined Benefit schemes consultation this Spring.

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