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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

1351280

	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 assessment her Department has made of the potential merits of establishing an independent savings and pension commission to better ensure that pensions and savings policies (a) are fit for purpose and (b) avoid such instances as the collapse of the AEA Technology pension scheme.
	tabling member constituency	Linlithgow and East Falkirk
	tabling member printed	Martyn Day
	uin	41041
	answer	answer is ministerial correction date of answer 08/09/2021 answer text <p>No assessment has been made, but the Pension Protection Fund continue to provide statutory compensation where a sponsoring employer becomes insolvent.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 08/09/2021 13:16:50 answering member 4142 label Biography information for Guy Opperman
	tabling member	4488 label Biography information for Martyn Day