To ask the Secretary of State for Work and Pensions, with reference to the evidence given by the Pensions Minister to the Work and Pensions Committee on 10 January 2024, HC 144, what plans he has to amend (a) indexation, (b) the 90% compensation cap and (c) any other issues relating to the Pension Protection Fund; and if he will publish any relevant documentation on those matters.
Answered on
6 February 2024
While all pensions legislation is kept under review as a matter of course, there are currently no plans to amend (a) the Pension Protection Fund rules on indexation or (b) the 90% rule on Pension Protection Fund compensation payments. These are complex matters and require careful consideration before any changes are made. There is no documentation for publication in relation to these matters at this time.