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911262

	registered interest
	date	24/05/2018
	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	Pension Protection Fund
	house id	1
	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	answer is ministerial correction date of answer 04/06/2018 answer text <p>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.</p><p> </p><p>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.</p> 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

911263

	registered interest
	date	24/05/2018
	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	Pension Protection Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what estimate she has made of the cost of extending 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	147874
	answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>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.</p><p> </p><p>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.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 147872 147873 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

911261

	registered interest
	date	24/05/2018
	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	Pension Protection Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, whether her Department plans to increase the level of compensation payable by the Pension Protection Fund.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	147872
	answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>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.</p><p> </p><p>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.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 147873 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