Written Question·Department for Work and Pensions·UIN 54967

Workplace Pensions: Codes of Practice

Tabled: 30 May 2025
Answered: 9 June 2025

Question

Alicia Kearns

ConservativeRutland and Stamford

To ask the Secretary of State for Work and Pensions, whether she has made an assessment of the potential merits of introducing a mandatory Code of Ethical Practice for pre-1997 members of pension schemes, that promotes (a) transparency, (b) fairness and (

Answer

Torsten Bell
It is important that trustees make transparent and fast decisions about discretionary indexation. Defined Benefit Schemes are regulated by The Pensions Regulator (TPR) which has set out that trustees should consider the situation of those members who woul...

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