Examination of Witnesses

Part of Pension Schemes Bill – in a Public Bill Committee at 12:00 pm on 21 October 2014.

Alert me about debates like this

David Fairs: No, I have a client who is working on the assumption that the legislation will work its way through. It is quite challenging for employers who have defined-benefit provision or have a unionised agreement to say publicly, “If you pass this piece of legislation, I will move into it”, because that is breaking the agreement with the unions and breaking the trust that they have got with employees, so I think employers want to go through a proper process of consultation. But, privately, lots of employers are thinking about how they can use this legislation to provide benefits for employees. So I suspect that, mostly in the larger employers initially, we will see something launched and then I think that trickle will start to increase.