Mineworkers' Pension Scheme

(asked on 10th October 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will assess the balance of the Mineworkers' Pension Scheme surplus-sharing arrangements.


Answered by
Jesse Norman Portrait
Jesse Norman
Shadow Leader of the House of Commons
This question was answered on 21st October 2016

The existing surplus-sharing arrangements have worked well to date. The presence of the Guarantee has given the Trustees, who are responsible for managing the Scheme and are independent of Government, the freedom to invest in a way that has generated surpluses and, as a consequence, bonuses to members.

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