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 Yvonne Fovargue Yvonne Fovargue Labour, Makerfield 11:15, 7 February 2017

If the clause is not needed, why not put it in to give people that extra confidence? People have an historically low opinion of financial institutions, trusts and banks, so surely any extra insurance that will encourage people to have confidence is worth putting in.