Adam was due to give evidence to the Committee on Wednesday 30 October 2019 as part of a short inquiry into the Pension Schemes Bill. While Clara can operate now, we and many in the pensions sector had hoped to see a specific regulatory regime for consolidators introduced in the Bill. Understandably the evidence session was cancelled due to the House of Commons agreeing to an early election. Adam subsequently wrote to the Committee to explain the need for consolidation and how Clara’s approach and ‘bridge-to-buy-out’ model can make pensions safer – we strongly believe that consolidation makes pensions safer. You can find the letter here.
You can find out more about the Work and Pensions Select Committee here.