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Pension Schemes Bill [Lords]

Part of the debate – in the House of Commons at 8:55 pm on 30th January 2017.

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Photo of James Duddridge James Duddridge Conservative, Rochford and Southend East 8:55 pm, 30th January 2017

As well as being equitable for employees, will the schemes be equitable for employers? In the past, one of the problems of pooled defined benefit funds was that employers had ongoing liabilities beyond their initial contributions. Will the master trusts include only defined contributions and limit employers’ liability in the longer term, so that it is just an amount that will be put in, rather than an ongoing liability?