Workplace Pensions: Inflation
The question
To ask the Secretary of State for Work and Pensions, what information her Department holds on the number of American Express retirees in the UK impacted by the lack of statutory inflation protection for pre-1997 defined benefit pensions.
Answered by Torsten Bell
The Department for Work and Pensions does not hold individual occupational pension scheme data. Discretionary increases in benefits above the statutory minimum and those required by scheme rules are a matter for the scheme sponsor and trustees.
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