Clause 19 - Introduction and definition

Part of Pension Schemes Bill – in a Public Bill Committee at 3:45 pm on 28th October 2014.

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Photo of Richard Graham Richard Graham Conservative, Gloucester 3:45 pm, 28th October 2014

Where my hon. Friend is right is that if someone has a big company with a significant number of employees, they can get economies of scale from their own scheme. The 100,000-plus businesses that are going to come into the scheme after January 2016 are small companies with fewer than 10 employees. For them, there are no such options available. If NEST and the other entities that I mentioned set up CDC options, they will be incredibly appealing to small employers.