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1351277

registered interest
date	18/08/2021
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	AEA Group: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what discussions officials in her Department have had with representatives of the Parliamentary and Health Service Ombudsman on a potential investigation into the AEA Technology pension scheme.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	41038
answer	answer is ministerial correction date of answer 08/09/2021 answer text <p>There have been no meetings between Department for Work and Pensions (DWP) officials and PHSO representatives regarding a potential investigation into the AEA Technology pension scheme. PHSO is an independent body accountable directly to Parliament, it would be inappropriate for DWP officials to influence its investigations.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 08/09/2021 12:41:12 answering member 4142 label Biography information for Guy Opperman
tabling member	4488 label Biography information for Martyn Day

1351278

registered interest
date	18/08/2021
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	AEA Group: Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what steps she is taking to help people affected by the collapse of the AEA Technology pension scheme.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	41039
answer	answer is ministerial correction date of answer 08/09/2021 answer text <p>On 7 July 2016 the AEA Technology (AEAT) pension scheme transferred to the Pension Protection Fund (PPF).</p><p> </p><p>The PPF is the statutory compensation scheme. It provides compensation to members of eligible defined benefit pension schemes where the sponsoring employer has become insolvent and the scheme is unable to secure its pension liabilities at least at PPF compensation levels.</p><p> </p><p>AEAT scheme members who are over their scheme’s normal pension age (NPA) at the date that their employer became insolvent would receive 100 per cent of their accrued scheme benefits, as calculated at the date of employer insolvency. Those members under NPA at the date that the employer became insolvent would receive PPF compensation paid at 90 per cent of accrued scheme benefits, as calculated at the date of employer insolvency.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 08/09/2021 12:45:31 answering member 4142 label Biography information for Guy Opperman
tabling member	4488 label Biography information for Martyn Day