Written Evidence to be reported to the House
Pensions Bill
5:45 pm
Nigel Stanley: To answer the first question, about compliance, as we understand it, the Bill will not stop an employer offering a financial inducement to a member of staff to opt out, but there would be nothing to stop the member of staff taking the inducement and then not opting out, because that deal would not be enforceable. So, “roll on the employers who want to try it on” would be my line, because we would certainly be there saying, “Take the money and don’t run.” I think we are fairly satisfied on that.