Workplace Pensions: Codes of Practice
Commons · Question 54967 · Tabled 30 May 2025 · Department for Work and Pensions · Official record
Answered 9 Jun 2025
Question
Asked by Alicia Kearns
To ask the Secretary of State for Work and Pensions, whether she has made an assessment of the potential merits of introducing a mandatory Code of Ethical Practice for pre-1997 members of pension schemes, that promotes (a) transparency, (b) fairness and (
Answer
Answered by Torsten Bell, 9 Jun 2025
It is important that trustees make transparent and fast decisions about discretionary indexation. Defined Benefit Schemes are regulated by The Pensions Regulator (TPR) which has set out that trustees should consider the situation of those members who woul...