Written Question·Department for Work and Pensions·UIN 35880
Workplace Pensions: Regulation
Tabled: 5 March 2025
Answered: 12 March 2025
Named DayQuestion
Sureena Brackenridge
Labour — Wolverhampton North East
To ask the Secretary of State for Work and Pensions, what protections exist for pensioners in the case of scheme buyouts.
Answer
Torsten BellInsurance buyout is a long-established way of defined benefit pension schemes securing members’ full pensions. Members are guaranteed to receive their full pension from an insurer, backed by a rigorous capital adequacy regime and underpinned by 100 per ce...
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