Consultation outcome

Options for Defined Benefit schemes

From:
Department for Work and Pensions
Published
23 February 2024
Last updated
29 May 2025 — See all updates
This consultation has concluded

Read the full outcome

Government response: Options for Defined Benefit schemes

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Detail of outcome

The government response was published on 29 May 2025.

Original consultation

Summary

This is a consultation on aspects of private sector Defined Benefit schemes, which seeks stakeholder feedback for the future pensions market.

This consultation ran from
to

Consultation description

The aim of this consultation is to introduce reforms to the private sector Defined Benefit pensions system that jointly benefit scheme members, sponsoring employers and the wider economy.

Although pension schemes are in surplus, under current legislation it is difficult and costly for many scheme trustees to share this upside with employers and scheme members. This consultation proposes a number of new measures intended to balance enhanced options for trustees with prioritising the security of member benefits.

This consultation is being conducted in line with the revised Cabinet Office consultation principles published in March 2018.

Documents

Options for Defined Benefit schemes

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Options for Defined Benefit schemes

PDF, 279 KB, 26 pages

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Updates to this page

Published 23 February 2024
Last updated 29 May 2025 show all updates

  1. Published the government response to the consultation.

  2. Added PDF version of 'Options for Defined Benefit schemes' consultation 23 February 2024.

  3. First published.

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