Dr Al Pinkerton

Dr Al Pinkerton

Liberal Democrat — Surrey Heath

Speaking in the House of Commons on 23 April 2025

Debate

Pension Funds

Contribution

I congratulate my hon. Friend on securing the debate. Terry, one of my constituents, worked for a large American multinational company. As a consequence of the Pensions Act 1995, he found his pre-1997 pension contributions decoupled from inflation. Because of the nature of inflation, his savings, which he now depends on, have been gradually eaten away and he finds himself in increasing levels of destitution. Will the Minister look at the issue with the seriousness that it requires? It cannot be right that pensioners in our country are suffering as a consequence of decisions made by multinational companies that remain hugely profitable. The issue has a particular geography because so many multinational companies were located in the south-east of England.

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Dr Al Pinkerton — Pension Funds | TrustPolitics