Scheme funder of last resort

Part of Pension Schemes Bill [Lords] – in a Public Bill Committee at 11:15 am on 7 February 2017.

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Photo of Julian Knight Julian Knight Conservative, Solihull 11:15, 7 February 2017

The hon. Gentleman is making some interesting points. Surely the point of the legislation is to ensure that, on start-up and on an ongoing basis, the fund and the pension scheme are sustainable. That is the job of the Pensions Regulator. He also mentioned the return of the entire capital. Even in the Pension Protection Fund, it is still only 90% return on capital.