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Workplace Pensions: Inflation

Asked by Siân BerryGreen PartyDepartment for Work and PensionsTabled Answered 6 March 2025UIN 34538

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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