Workplace Pensions
Lords · Question HL7403 · Tabled 13 May 2025 · Department for Work and Pensions · Official record
Answered 21 May 2025
Question
Asked by Lord Allen of Kensington
To ask His Majesty's Government when they plan to publish new rules on accessing surpluses in defined benefit pension schemes to allow companies to access £160 billion in corporate defined benefit schemes; and what assessment they have made of the potenti
Answer
Answered by Baroness Sherlock, 21 May 2025
We have set out that pension scheme trustees should have greater flexibilities to be able to release DB scheme surplus to benefit employers and members, where it is safe to do so. We will publish the Government’s response to the “Options for Defined Benef...