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To ask His Majesty's Government, further to the Written Answer by the Minister of State for Social Security and Disability on 17 March (HC119129), which issues were investigated by (1) the Pensions Ombudsman, and (2) the Parliamentary and Health Service Ombudsman, in connection with the AEA Technology pension scheme when it...
To ask His Majesty's Government, further to the Written Answer by the Minister of State for Social Security and Disability on 17 March (HC119129), which issues were investigated by (1) the Pensions Ombudsman, and (2) the Parliamentary and Health Service Ombudsman, in connection with the AEA Technology pension scheme when it...
The Pensions Ombudsman investigated a complaint determined in January 2015 concerning the conduct of the trustee of the AEA Technology Pension Scheme (reference PO-4816 can be found on The Pension Ombudsman website).
In its role as the Pension Protection Fund (PPF) Ombudsman, The Pensions Ombudsman considered two references of reviewable matters concerning the PPF and AEA Technology. Both cases are in the public domain and can be found on The Pensions Ombudsman website. The first (reference PPFO-2915), in June 2014, and the second (reference CAS-53012-H6M5), in December 2021.
The Parliamentary and Health Service Ombudsman investigated complaints about a factsheet produced by the Department for Work and Pensions in response to enquiries from members of the AEA Technology Pension Scheme.
To ask His Majesty's Government what progress they have made in (1) meeting, and (2) addressing the problems facing, the AEA Technology pension scheme members who have lost their final salary inflation uplifts and part of their pensions.
To ask His Majesty's Government what progress they have made in (1) meeting, and (2) addressing the problems facing, the AEA Technology pension scheme members who have lost their final salary inflation uplifts and part of their pensions.
Minister for Pensions met with Viscount Thurso on 15 June to discuss AEA Technology as per the commitment made during the passage of the Pensions Schemes Act 2026.
We recognise the very real challenges that AEAT pension scheme members have faced given the insolvency of their employer and their entry into the Pension Protection Fund.
The Pension Schemes Act 2026 provides for annual increases on compensation payments from the Pension Protection Fund that relate to pensions built up before 6 April 1997, where schemes provided for this.
AEA Technology pension scheme members with pre-97 accrual will benefit from this change.
To ask the Secretary of State for Work and Pensions, what discussions he has had with Ministerial colleagues on AEAT pension arrangements.
To ask the Secretary of State for Work and Pensions, what discussions he has had with Ministerial colleagues on AEAT pension arrangements.
This matter was discussed with parliamentarians during the passage of the Pension Schemes Act.
To ask the Secretary of State for Work and Pensions, whether he has considered requesting that the Government Actuary’s Department publish the calculations behind the sum transferred to the AEAT pension scheme at the time of privatisation.
To ask the Secretary of State for Work and Pensions, whether he has considered requesting that the Government Actuary’s Department publish the calculations behind the sum transferred to the AEAT pension scheme at the time of privatisation.
The Department for Work and Pensions was not involved in the privatisation of Atomic Energy Authority Technology in 1996.
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential merits of establishing a process to allow Atomic Energy Authority Technology pension scheme closed section members to leave the Pension Protection Fund and re-join a public sector pension scheme, including the UK...
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential merits of establishing a process to allow Atomic Energy Authority Technology pension scheme closed section members to leave the Pension Protection Fund and re-join a public sector pension scheme, including the UK...
The Pension Protection Fund is a compensation scheme, and its operating structure reflects this. The Pension Protection Fund does not operate as a segregated fund, where individual schemes contributions are ringfenced. Once a scheme transfers to the Pension Protection Fund, the scheme does not exist anymore.
Through the Pension Schemes Act, we have taken action by introducing legislation to provide annual increases on compensation payments from the Pension Protection Fund on pensions built up before 6 April 1997, where schemes provided for this. We are now focusing on the implementation of this change, and I can confirm that AEAT members with pre-97 accrual will benefit.
To ask the Secretary of State for Work and Pensions, whether he has considered requesting that the Government Actuary’s Department publish the calculations behind the sum transferred to the AEAT pension scheme at the time of privatisation.
To ask the Secretary of State for Work and Pensions, whether he has considered requesting that the Government Actuary’s Department publish the calculations behind the sum transferred to the AEAT pension scheme at the time of privatisation.
It has not proved possible to respond to the hon. Member in the time available before Prorogation.
To ask the Secretary of State for Work and Pensions, what discussions he has had with Ministerial colleagues on AEAT pension arrangements.
To ask the Secretary of State for Work and Pensions, what discussions he has had with Ministerial colleagues on AEAT pension arrangements.
It has not proved possible to respond to the hon. Member in the time available before Prorogation.
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential merits of establishing a process to allow Atomic Energy Authority Technology pension scheme closed section members to leave the Pension Protection Fund and re-join a public sector pension scheme, including the UK...
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential merits of establishing a process to allow Atomic Energy Authority Technology pension scheme closed section members to leave the Pension Protection Fund and re-join a public sector pension scheme, including the UK...
It has not proved possible to respond to the hon. Member in the time available before Prorogation.
Lords consideration of Commons reasons and amendments. Lords amendments 1, 5, 6 and 13 not insisted on. Lords amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88 insisted on and Commons amendments 88A to 88C disagreed to on division (219 to 144). Lords amendments 26 and 37 not insisted on and Lords amendments 37B and 37C in lieu agreed to on division (216 to 148). Lords amendment 35 not insisted on and Lords amendment 35B in lieu agreed to on division (211 to 150). Lords amendment 43 not insisted on. Lords amendments 77 and 85 insisted on on division (162 to 151). Lords amendments 78 and 86 not insisted on. Lords amendments 79 and 87 not insisted on. Bill returned to the Commons with reasons and amendments.
Lords consideration of Commons reasons and amendments. Lords amendments 1, 5, 6 and 13 not insisted on. Lords amendments 15 to 24, 27, 30 to 34, 36, 38 to 42, 83 and 88 insisted on and Commons amendments 88A to 88C disagreed to on division (219 to 144). Lords amendments...
Moved by
Lord Katz
Moved by
Lord Katz
My Lords, in moving Motion A, I will also speak to Motions B, B1 and C. The Commons have disagreed with Amendment 1 on the grounds that it could introduce,
rather than mitigate, risks that the provision in Clause 2 could be used in unintended ways. Amendment 1 would place...
My Lords, in moving Motion A, I will also speak to Motions B, B1 and C. The Commons have disagreed with Amendment 1 on the grounds that it could introduce,
rather than mitigate, risks that the provision in Clause 2 could be used in unintended ways. Amendment 1 would place...
My Lords, in speaking to Motion B1, I welcome that the Government have committed to a review of Regulation 64A of the Local Government Pension Scheme Regulations 2013. That is an important and necessary step, and their further commitments today are most welcome.
However, if the GAD review is to be...
My Lords, in speaking to Motion B1, I welcome that the Government have committed to a review of Regulation 64A of the Local Government Pension Scheme Regulations 2013. That is an important and necessary step, and their further commitments today are most welcome.
However, if the GAD review is to be...
My Lords, I thank the Minister for explaining things in great detail from the Government’s perspective.
I will speak to Motion B1, which the Minister said has already been met. The Local Government Pension Scheme already has mechanisms to review and amend employer pension contributions and funding practices; for instance, under...
My Lords, I thank the Minister for explaining things in great detail from the Government’s perspective.
I will speak to Motion B1, which the Minister said has already been met. The Local Government Pension Scheme already has mechanisms to review and amend employer pension contributions and funding practices; for instance, under...
Motions D and D1 are the opening Motions of the next group.
Motions D and D1 are the opening Motions of the next group.
Have they been moved?
Have they been moved?
Not yet.
Not yet.
It says “D1” on the Order Paper.
It says “D1” on the Order Paper.
It is in the second group.
It is in the second group.
I see. I am sorry. Forgive me, I was going on to the next group.
On Motion B1, we will abstain rather than vote against it, because we think that these things are already in process, if dealt with properly.
I see. I am sorry. Forgive me, I was going on to the next group.
On Motion B1, we will abstain rather than vote against it, because we think that these things are already in process, if dealt with properly.
I am glad that, for once, our debate on the LGPS has been short and sweet. I thank both opposition Front Benches for their engagement on this issue. I am glad that the noble Viscount, Lord Younger, recognised that there has been movement. We understand the importance attached to the...
I am glad that, for once, our debate on the LGPS has been short and sweet. I thank both opposition Front Benches for their engagement on this issue. I am glad that the noble Viscount, Lord Younger, recognised that there has been movement. We understand the importance attached to the...