Written Question·Department for Work and Pensions·UIN 71916
Trusts: Inflation
Tabled: 29 August 2025
Answered: 5 September 2025
Question
James McMurdock
Independent — South Basildon and East Thurrock
To ask the Secretary of State for Work and Pensions, what assessment she has made of the need to clarify trustee fiduciary duties regarding inflation protection.
Answer
Torsten BellI understand the concerns that have been raised over the issue of inflation protection for defined benefit pensions (indexation). Discretionary indexation is over and above statutory and scheme requirements. Trustees can already award discretionary increa...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 71916) →