To ask the Secretary of State for Work and Pensions, if he will introduce legislative proposals to amend the provisions of the Pensions Act 2014 relating to the Pension Protection Fund capping to provide assistance to scheme members whose employers have entered into administration; and if he will make a statement.
Answered on
25 January 2016
The Government is committed to the implementation of the Pension Protection Fund long service cap as described in the Pensions Act 2014.
Before the primary legislation can be brought into force, a number of changes need to be made to secondary legislation, so that it will operate as expected in all cases. Therefore we cannot, at this time, commit to a particular implementation date.
Answered by
Department for Work and Pensions
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