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answering body	Department for Work and Pensions
uin	294206

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Search Results

registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1148202

registered interest

date

03/10/2019

answering body

Department for Work and Pensions

answering dept id

answering dept short name

Work and Pensions

answering dept sort name

Work and Pensions

hansard heading

Plumbing and Mechanical Services (UK) Industry Pension Scheme

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Work and Pensions, if she will make an assessment of the effect of Section 75 debt notification letters issued from the Plumbing and Mechanical Services (UK) Industry Pension multi-employer pension scheme on (a) the financial viability of that scheme, (b) people in that scheme and (c) the value of the debt requests; and if she will make a statement.

tabling member constituency

Kilmarnock and Loudoun

tabling member printed

Alan Brown

uin

294206

answer

is ministerial correction

date of answer

08/10/2019

answer text

The issue of Section 75 debt notices and estimates are a private matter between the scheme trustee and employers. It is the role of the scheme trustee to ensure that the pension scheme is run properly and that members’ benefits are secure. DWP’s 2017 Green Paper “security-and-sustainability-in-defined-benefit-pension-schemes” assessed changing the way employer debts are calculated and the impact this would have on members’ benefit security and remaining employers. This assessment showed any changes would weaken members’ benefit security, whilst placing significant additional costs on employers who would remain in the scheme. It also showed that excluding orphan liabilities from employer debt calculations would not necessarily resolve the issues some employers face with complying with their employer debt obligations.

answering member constituency

Hexham

answering member printed

Guy Opperman

question first answered

08/10/2019 13:26:11

answering member

4142

	label	Biography information for Guy Opperman

tabling member

4470

	label	Biography information for Alan Brown