PARLIAMENTARY WRITTEN QUESTION
Workplace Pensions (20 June 2019)

To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 23 May 2019 to Question 256341, what the timescale is for bringing forward legislation to facilitate Collective Defined Contribution schemes.

Asked by:
Rosie Duffield (Independent)

This Government is committed to legislation to facilitate collective defined contribution schemes. The Government has recently published responses to a series of consultations, and have engaged extensively with key stakeholders and the Pensions Regulator.

In these we have committed to strengthen the Pensions Regulator’s powers to both enforce pensions legislation and to punish those who have acted recklessly or failed to comply with their obligations. We have committed to facilitate industry to make pensions dashboards a reality. We are also compelling pension schemes to make consumers data available to them and to facilitate collective defined contribution schemes.

The Government will bring forward legislation to introduce these measures as soon as parliamentary time permits.

Answered by:
Guy Opperman (Conservative)
25 June 2019