Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, whether Government is entering into dialogue with trade unions so members can be consulted with regards to Defined Benefit surplus.
Government has consulted with trustees, member representative groups, trade unions and other stakeholders in developing the regulations that will allow well-funded defined benefit schemes to release surplus, subject to member safeguards. The Pension Schemes Act 2026 and draft regulations are clear on the requirements for member notification before release.