Written question asked by Baroness Altmann (Non-affiliated) on Monday, 20 July 2026, in the House of Lords. It was due for an answer on Monday, 3 August 2026. It was answered by Baroness Sherlock (Labour) on Thursday, 30 July 2026 on behalf of the Department for Work and Pensions.

Public Sector: Workplace Pensions

Question: To ask His Majesty's Government what protections and rights of appeal are available to public sector pension scheme members who suffer avoidable losses due to incomplete Government Actuary department information when transferring accrued rights to the private sector.

Answer

Actuaries providing information in relation to pension transfers are bound to uphold standards and codes of conduct set out by the Institute and Faculty of Actuaries, the professional body for actuaries, and the Financial Reporting Council, the oversight body for the actuarial profession. Both organisations can investigate complaints against individual actuaries (but not organisations) and have established complaints and disciplinary processes.

Where a pension scheme trustee, sponsoring employer or member believes they have suffered a loss as a result of incomplete actuarial information, redress would normally be sought through the courts under professional negligence or breach of contract.

Secondary information

Type: Written question
Reference: HL2274
Session: 2026-27
Subjects: Appeals Government Actuary's Department Workplace pensions Public sector
Link: View this Written question on www.parliament.uk

Public Sector: Workplace Pensions

Secondary information

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