Pensions

(asked on 6th October 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to sections 13 to 16 of the Pension Schemes (Transfers, Reorganisations and Winding Up) (Transitional Provisions) Order 2006, whether he plans to extend this provision to (a) members of the British Steel Pension Scheme and (b) other schemes where a regulated apportionment arrangement has been approved but which have not yet entered Pension Protection Fund assessment; and if he will make a statement.


Answered by
Steve Barclay Portrait
Steve Barclay
Secretary of State for Environment, Food and Rural Affairs
This question was answered on 16th October 2017

The Order cited concerns the ability for individuals to maintain certain retirement age rights that arose before 6 April 2006 when their pension scheme is wound up and an annuity is being purchased, if certain conditions are met. Whether to offer those same rights is a matter for the annuity provider, and is not mandated by Government. The Government has no plans to change this arrangement.

Reticulating Splines