Pension Protection Fund

(asked on 19th July 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, when does his department expect to complete their review of alternative options for entry to Pension Protective Fund.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 6th September 2023

The Pension Protection Fund (Entry Rules) Regulations 2005[1] set out the criteria which a pension scheme must meet to be eligible for the Pension Protection Fund. There is currently no review of the Pension Protection Fund eligibility criteria.

A call for evidence was launched by the Department for Work and Pensions (DWP) to support the development of innovative policy options which have the potential to offer more choices for defined benefit (DB) pension scheme sponsoring employers and trustees, increase protection for DB members and support wider economic initiatives. This closed on the 5 September

[1] The Pension Protection Fund (Entry Rules) Regulations 2005 (legislation.gov.uk)

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