Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, with reference to Q338 of the evidence given by the Minister for Pensions on 10 January 2024, HC144, what the (a) scope of and (b) timeline for the extensive piece of work he has commissioned on indexation of pre-1997 savings from pension contributions is; and whether he plans to publish the findings of this work.

While all pensions legislation is kept under review as a matter of course, there are currently no plans to amend the Pension Protection Fund rules on pre-97 indexation of pension contributions. The evidence given by the Minister for Pensions, on 10 January 2024, was clear that these are complex issues which will need careful consideration. DWP will continue to consider this issue, determining the scope and taking the time required for full consideration. There is no intention of publishing this advice.