Workplace Pensions: Index Linking
The question
To ask the Secretary of State for Work and Pensions, what estimate his Department has made of the number of pensioners who are affected by the absence of statutory indexation on pre-1997 contributions in Broxtowe constituency; and what assessment his Department has made of the potential financial impact of this on pensioners in Broxtowe.
Answered by Torsten Bell
The Pensions Regulator has published data which shows that as of March 2023, only 17 per cent of members of private sector defined benefit pension schemes do not receive any pre-1997 indexation. This is available at: https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests#f3a5fe60511a445f91112bd7dd8a64ae
The Department and the Pensions Regulator do not hold this information at a constituency level.
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