Question to the Department for Work and Pensions:

To ask His Majesty's Government what representations they have made, if any, to the Office for National Statistics about the classification of Pension Protection Fund assets.

The Office for National Statistics (ONE) is the independent body responsible for economic classification decisions in the UK. Following international statistical guidance, the ONS has classified the PPF as a public pension fund, while the levies to fund the PPF are classified as taxes.

The way the PPF Board’s assets and liabilities are treated within the public finances does not affect the legal separation of the property of the Crown and Board as set out in the Pensions Act 2004.