Workplace Pensions: Reform
Commons · Question 29047 · Tabled 10 Sep 2026 · Department for Work and Pensions · Official record
Answered 17 Sep 2026
Question
Asked by Freddie van Mierlo
To ask the Secretary of State for Work and Pensions, what evidence underpins the assumption in the Pension Schemes Act 2026 impact assessment that members will receive a broadly equal share of benefits arising from surplus extraction; and what mechanisms
Answer
Answered by Torsten Bell, 17 Sep 2026
Discretionary indexation is over and above the statutory requirements. This discretion is usually exercised by the trustees with the agreement of the sponsoring employer. Some schemes have previously paid discretionary increases on a regular basis. The Pe...