Written Question·Department for Work and Pensions·UIN 17358
Workplace Pensions: Inflation
Tabled: 2 December 2024
Answered: 10 December 2024
Question
Susan Murray
Liberal Democrat — Mid Dunbartonshire
To ask the Secretary of State for Work and Pensions, what information her Department holds on the number of retirees affected by the lack of statutory inflation protection for pre-1997 defined benefit pensions.
Answer
Emma ReynoldsAnalysis carried out by the Pensions Regulator estimates that, as of 31 March 2023, 23 per cent of private-sector occupational Defined Benefit (DB) pension schemes have no indexation applied to pre-1997 benefits. However, this is in addition to any Guaran...
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