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1148807
registered interest false more like this
date less than 2019-10-14more like thismore than 2019-10-14
answering body
Ministry of Defence more like this
answering dept id 11 more like this
answering dept short name Defence remove filter
answering dept sort name Defence more like this
hansard heading Armed Forces: Workplace Pensions more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Defence, what assistance Veterans UK is providing to members of the Armed Forces Pension Scheme who incurred loss of their pension benefits following a transfer out of that scheme. more like this
tabling member constituency Barnsley Central more like this
tabling member printed
Dan Jarvis more like this
uin 184 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2019-10-21more like thisremove minimum value filter
answer text <p>The Ministry of Defence provides comprehensive, non-contributory pension schemes for the Armed Forces in recognition of their dedication and service. Prior to the public sector pension reforms of 2015 which prohibited Service personnel from making transfers to non-defined benefit schemes, Service personnel had the right to transfer their pension benefits to any HMRC registered scheme. Between 2010 and 2015, some 4,600 members of the Armed Forces Pension Schemes transferred their pension benefits to non-defined benefit schemes, such as other private or occupational pension schemes.</p><p> </p><p>The total number of complaints received is not held in the format requested, as not all non-defined benefit schemes have resulted in a loss no estimate has been made of the potential monetary value lost to former members of the Armed Forces Pension Scheme.</p><p> </p><p>The Department is not authorised to provide financial advice however copies of all transfer documentation are provided free of charge to those who believe they may have incurred a loss from the transfer of their benefits as a result of pension liberation or mis-selling.</p><p> </p><p> </p>
answering member constituency Plymouth, Moor View more like this
answering member printed Johnny Mercer more like this
grouped question UIN
175 more like this
182 more like this
183 more like this
question first answered
remove filter
answering member
4485
label Biography information for Johnny Mercer more like this
tabling member
4243
label Biography information for Dan Jarvis more like this