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Pension Schemes Bill [HL] - Second Reading

Part of the debate – in the House of Lords at 6:14 pm on 1st November 2016.

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Photo of Lord Naseby Lord Naseby Conservative 6:14 pm, 1st November 2016

If my noble friend went back in history he would find that prior to FRS 17, there was a different system. It was a system that looked at the mix a pension fund has and whether that was viable. All the recent work that has just been done— I referred to what one company had done in my speech—proves that it is probably the way forward, so it is not terribly novel. We could dust down what was there before.