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Workplace Pensions

Asked by Dr Simon OpherLabourDepartment for Work and PensionsTabled Answered 1 August 2024UIN 1598

The question

To ask the Secretary of State for Work and Pensions, what assessment she has made of the potential implications for her policies of recommendation 22 of the Third Report of the Work and Pensions Select Committee of Session 2023-24 on Defined benefit pension schemes, HC 144, published on 26 March 2024.

Answered by Emma Reynolds

The Work and Pensions Select Committee inquiry report on Defined Benefit pension schemes, published in March 2024 helpfully outlines areas to be considered, including the lack of pre-April 97 indexation in the Pension Protection Fund and Financial Assistance Scheme. I recognise the importance of this issue for affected members. I will need to consider this issue in the coming weeks as I receive further briefing on Defined Benefit pensions.

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