Examination of Witnesses

Part of Pension Schemes Bill – in a Public Bill Committee at 3:45 pm on 2 September 2025.

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Photo of Peter Bedford Peter Bedford Conservative, Mid Leicestershire 3:45, 2 September 2025

Q Building on Steve’s question on the levy, some hon. Members have asked about surplus extraction feeding into the overall risk profile in the markets. Clearly, if that was to happen and there was perceived to be an increased risk, it could result in an increase in the levy. The Bill allows for the levy to be reduced to zero. What are your thoughts about that?