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tabling member constituency	Blaenau Gwent
answer › answering member constituency	Hexham
question text	To ask the Secretary of State for Work and Pensions, what assessment she has made of the potential merits of providing inflation-linked increases to the amounts payable by the Pension Protection Fund to people with pre-April 1997 pensionable service.

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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

grouped question UIN

question first answered

answering member


label

tabling member


label

911262

registered interest

date

24/05/2018

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

Pension Protection Fund

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Work and Pensions, what assessment she has made of the potential merits of providing inflation-linked increases to the amounts payable by the Pension Protection Fund to people with pre-April 1997 pensionable service.

tabling member constituency

Blaenau Gwent

tabling member printed

Nick Smith

uin

147873

answer

is ministerial correction

date of answer

04/06/2018

answer text

The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent. The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.

answering member constituency

Hexham

answering member printed

Guy Opperman

grouped question UIN

147872
147874

question first answered

04/06/2018 10:53:51

answering member

4142

	label	Biography information for Guy Opperman

tabling member

3928

	label	Biography information for Nick Smith