Written question asked by Harriet Cross (Conservative) on Monday, 23 March 2026, in the House of Commons. It was due for an answer on Wednesday, 25 March 2026. It was answered by Torsten Bell (Labour) on Monday, 30 March 2026 on behalf of the Department for Work and Pensions.
Financial Assistance Scheme and Pension Protection Fund
- Question
-
To ask the Secretary of State for Work and Pensions, for what reason the application of inflationary increases on pre-1997 defined benefit pension entitlements is limited to schemes within the Pension Protection Fund and Financial Assistance Scheme; and whether he plans to extend this policy to other defined benefit schemes.
- Answer
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The Government has brought forward legislation to introduce annual CPI-linked increases, capped at 2.5 per cent, on compensation payments from the Pension Protection Fund and Financial Assistance Scheme based on pensions built up before 6 April 1997. These increases will apply prospectively (i.e. to payments going forward) and where the original scheme rules provided for such increases.
Secondary information
- Type
- Written question
- Reference
- 123023
- Session
- 2024-26
- Transferred
- Yes
- Subjects
- Financial assistance scheme Pension Protection Fund
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-03-30 12:50:55 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/123023
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/123023
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-26/123023