Pension Protection Fund

(asked on 14th April 2022) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what steps her Department has taken against pension scheme trustees that have paid Pension Protection Fund levies when their pension schemes were subsequently found to be ineligible for payments into the Fund.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 26th April 2022

Government Departments are required to reflect any guarantees given in their Annual Report and Accounts. These accounts are laid before Parliament annually.

The Pension Protection Fund will only invoice eligible schemes; but it would refund any levies from schemes that are subsequently found to be ineligible, including where a scheme can demonstrate that it had a historic crown guarantee.

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