Clause 19 - Introduction and definition

Part of Pension Schemes Bill – in a Public Bill Committee at 3:15 pm on 28th October 2014.

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Photo of Nigel Mills Nigel Mills Conservative, Amber Valley 3:15 pm, 28th October 2014

We heard in oral evidence that probably the most difficult part of the schemes is getting from zero members to a critical mass. Does the Minister have any thoughts on what approach the regulator ought to take to ensure that early movers do not join a scheme that is insufficiently resourced and not capable of providing collective benefits? That would leave them in a bit of a mess.