6 September 2023 - Defined benefit pension schemes - Oral evidence

Defined benefit pension schemes inquiry: Work and Pensions Committee holds session on DB scheme prospects and role in UK economy

The Work and Pensions Committee continues its inquiry into defined benefit pension schemes with a session focusing on the prospects for DB schemes due to improvements in aggregate funding levels.

The first panel, featuring representatives from the pensions and life insurance industries, examines developments in the current level of DB scheme funding, the long-term objectives of schemes and the part they can play in investing in the UK economy.

The second panel then explores the role of pension superfunds, the framework within which they should operate, the challenges faced in getting them off the ground and what role the Pension Protection Fund could play.