Written Question·Department for Work and Pensions·UIN 61207
Pension Funds: Sales
Tabled: 19 June 2025
Answered: 25 June 2025
Question
Bell Ribeiro-Addy
Labour — Clapham and Brixton Hill
To ask the Secretary of State for Work and Pensions, whether she plans to introduce safeguards for pensions against future (a) sale and (b) transfer of pension funds to (i) insurance companies and (ii) other entities.
Answer
Torsten BellInsurance buyout is a long-established way of ensuring members get the full value of their promised defined benefit (DB) pensions from an insurer, backed by a 100 per cent compensation from the Financial Services Compensation Scheme. This is widely regard...
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