Question to the Department for Work and Pensions:

To ask His Majesty's Government what representations they have received from the Welsh Government concerning Allied Steel and Wire pensioners; and what response they have made.

A significant number of Welsh Government ministers have written to the Minister for Pensions regarding Allied Steel and Wire pensioners or raised the issue orally.

Partly in response to Welsh Government representations, Budget 2025 announced that the UK Government will introduce increases on compensation payments from the Pension Protection Fund and Financial Assistance Scheme that relate to pensions built up before 6 April 1997. These will be CPI-linked (capped at 2.5%) and apply prospectively (i.e. to payments going forward) for members, including Allied Steel and Wire pensioners, whose former schemes provided for these increases.