Pension Funds

Department for Work and Pensions written question – answered on 29th November 2022.

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Photo of Lord Taylor of Warwick Lord Taylor of Warwick Non-affiliated

To ask His Majesty's Government what update they can provide on the implementation of their pension funds plan for 2023.

Photo of Baroness Stedman-Scott Baroness Stedman-Scott The Parliamentary Under-Secretary of State for Work and Pensions

The Department’s formal consultation on the draft Occupational Pension Schemes (Funding and Investment Strategy and Amendment) Regulations 2023 closed on 17 October 2022 and we are currently analysing responses. These Regulations will come into force in due course along with the Pension Regulator's revised Defined Benefit Funding Code of Practice.

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