Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what progress he has made on considering the transfer the investment reserve to the members of the British Coal Superannuation Scheme.

The then Minister for Industry (Sarah Jones) met the BCSSS Trustees on 22 April, 11 June and 22 July and confirmed the Government’s commitment to considering their proposals regarding the reserve and the future of the scheme. DESNZ will now engage HM Treasury with a view to agreeing a way forward on the transfer of the reserve to members.

The Government is aiming to reach agreement on an outcome that can be implemented later this year which will benefit scheme members.