Frequently Asked Questions - How will deficits in defined benefit private pension schemes be addressed in an independent Scotland?
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Current deficits in defined benefit pension schemes have been caused by the financial management of these schemes within the UK. Many schemes are working to become fully funded and have recovery plans in place. These will continue after independence.
Our proposals for independence will deliver strong protection for people’s private pension savings and establish an effective regulator system which will set the parameters for such schemes to achieve a stable funding position.
Source: Scotland's Future, Scottish Government, November 2013.