Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what progress her Department has made on the consultation into legislating for collective defined contribution pension schemes in the UK.

The Government’s consultation on Collective Defined Contribution schemes closed in January 2019. A formal Government response to the consultation, including a summary of respondents’ views, was published on Monday 18th March and a Written Ministerial Statement was laid before the House (HCWS1422). The consultation response can be found here:

https://www.gov.uk/government/consultations/delivering-collective-defined-contribution-pension-schemes

I am grateful for the comments and support received in response to the consultation, and the Department now intends to move forward with legislating to facilitate single and associated employer Collective Defined Contribution scheme provision as soon as Parliamentary time allows and detailed drafting of the proposed measures has been considered and then actioned.