Monday 23rd January 2023

(1 year, 9 months ago)

Commons Chamber
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Laura Trott Portrait Laura Trott
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I pay tribute to the work that the hon. Lady is doing in her constituency to boost take-up of pension credit. I would love to work with her and all across the House on this important topic that we are all focused on.

Nigel Mills Portrait Nigel Mills (Amber Valley) (Con)
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The Minister will know that a lot of private pension schemes increase by inflation each year, but with inflation capped at 5%. Will she encourage the trustees of those schemes, where they have a healthy balance sheet, to increase their pensions by the full 10% this year to help out those pensioners who are struggling?

Laura Trott Portrait Laura Trott
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My hon. Friend does a lot of important work in this area. What he says is sensible, and all pension funds need to be looking at what more they can do to support pensioners.