Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, with reference to Q338 of the evidence given to the Work and Pensions Committee by the Minister for Pensions on 10 January 2024, HC144, how he plans to use the £12 billion surplus in the Pension Protection Fund.

No decisions have been made with regard to the reserves held by the Pension Protection Fund (PPF). Operational decisions about the PPF are a matter for the Board of the PPF, who have a key role to play in considering the use of its reserves.