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Written question asked by Mark Garnier (Conservative) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Friday, 4 September 2026 (named day). A holding answer was provided on Friday, 4 September 2026. A substantive answer was provided by Torsten Bell (Labour) on Monday, 7 September 2026 on behalf of the Department for Work and Pensions.

Pension Schemes Act 2026

Question

To ask the Secretary of State for Work and Pensions, what steps he is taking to ensure the consultation entitled Discussion paper on key elements of the Scale Policy has regard to clause (a) 40, sub-section 28L and (b) 45 of the Pension Schemes Act.

Answer

The ‘Discussion Paper on the key elements of the Scale Policy’ was published in July and seeks industry views on how scale can be demonstrated, as well as greater detail on the current operation of default arrangements and investment strategies in multi-employer defined contribution (DC) schemes. These responses, along with further targeted stakeholder engagement, will support the development of detailed regulations for the scale policy, which we will consult on in 2027.

As part of the detailed policy design, the Government is committed to balance the desired outcomes across innovation, competition, scale, scheme governance and of course the vital objective of better member outcomes.

Secondary information

Type
Written question
Reference
19976
Session
2026-27
Subjects
Pensions Regulation
Legislation
Pension Schemes Act 2026
Link
View this Written question on www.parliament.uk