Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential merits of increasing the flexibility of retirement options for final salary schemes.

A final salary pension scheme offers members a valuable guarantee of a secure retirement income for life, and will often offer some flexibility to their members, in terms of the shape of benefits and when they are taken. There are routes to transferring out to access further flexibilities, subject, where appropriate, to taking appropriate advice.