Private Sector Pensions

Pauline Latham Excerpts
Monday 22nd January 2018

(6 years, 10 months ago)

Commons Chamber
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Esther McVey Portrait Ms McVey
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We are not currently considering changing the rules on defined contribution schemes. In that instance a contribution has been made which will be protected and moved to another pension, whereas a pension in a defined benefit scheme is what someone was expecting to receive at the end, and will therefore be protected. They are very different schemes, and different protections and rules apply to them.

Pauline Latham Portrait Mrs Pauline Latham (Mid Derbyshire) (Con)
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Can my right hon. Friend confirm that constituents with existing Carillion pensions will receive 100% recovery through the Pension Protection Fund?