What discussions her Department has had with (a) Aviva, (b) Legal & General, (c) Pension Insurance Corporation and (d) Scottish Widows on public sector involvement in the consolidation of corporate sponsored defined benefit pension schemes in the last 12 months.
The Treasury engages regularly with the UK insurance sector on a range of issues, including on the consolidation of corporate sponsored defined benefit pension schemes which are also discussed with a wide range of other stakeholders. More broadly, the Government has consulted on options for private sector defined benefit schemes, including proposals on a public sector consolidator. The Government is currently considering consultation responses and will set out its response in due course.