Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment he has made of the sufficiency of the payment protection fund budget in (a) 2014-15 and (b) 2015-16 to meet current and backdated claims.

I have understood the question to be about the Pension Protection Fund (PPF), which pays compensation to members of eligible pension schemes where the employer is insolvent and the scheme can not afford the PPF level of compensation.

The Board of the PPF is responsible for ensuring that it has sufficient funds to pay compensation. The Fund only has to meet the costs of compensation payments as they fall due.

The funding of the PPF has been designed to be robust in the long term.