Workplace Pensions
The question
To ask the Chancellor of the Exchequer, what her planned timetable is for implementing the McCloud remedy for (a) those who have retired before 23 October 2024 and (b) all outstanding cases.
Answered by Darren Jones
The McCloud remedy took effect from 1 October 2023 and schemes are currently in the process of sending remediable service statements (RSSs) to affected members. Under the remedy, members who have already retired can make a remedy election when they receive an RSS, while active and deferred members can make that election when they retire.
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