Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the Business, Energy and Industrial Strategy Committee’s Sixth Report of Session 2019–21, Mineworkers’ Pension Scheme, published on 29 April 2021, HC 1346, what recent assessment his Department has made of the potential merits of increasing the size of the mineworkers' pension scheme.
The Mineworkers' Pension scheme is funded through investments. The Government guarantees that pensions will be paid in the event that returns on those investments are insufficient to meet members’ benefit entitlements.