Written Question·Department for Work and Pensions·UIN 123023

Financial Assistance Scheme and Pension Protection Fund

Tabled: 23 March 2026

Answered: 30 March 2026

Question

Harriet Cross

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 w

Answer

Torsten Bell

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. Thes...

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