§ Mr. WoodwardTo ask the Secretary of State for Work and Pensions when a draft Bill will be produced on reforming minimum funding requirement arrangements for occupational pension schemes. [38463]
§ Maria EagleThe Government have consulted widely on the future of the minimum funding requirement (MFR), and has announced their proposals to replace it with a long-term scheme specific funding standard in the context of a regime of transparency and disclosure, with additional measures to strengthen security. We are working closely with the pensions industry, consumer organisations, employers and trades unions to develop the details of our proposals, and will introduce primary legislation to replace the MFR as soon as parliamentary time is available.