Workplace Pensions: Inflation
Commons · Question 41309 · Tabled 25 Mar 2025 · Department for Work and Pensions · Official record
Answered 2 Apr 2025
Question
Asked by Zöe Franklin
To ask the Secretary of State for Work and Pensions, whether her Department plans to require profitable companies to increase pre-1997 occupational pensions in line with inflation.
Answer
Answered by Torsten Bell, 2 Apr 2025
Members of defined benefit pension schemes with non-indexed pre-1997 pension accrued, are now understandably concerned at seeing inflation erode the value of their retirement income. The Government’s recently announced reforms on the use of surpluses in d...