Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, with reference to paragraph 28 of Schedule 7 of the Pensions Act 2004, if she will make an estimate of the number of pensioners who have accrued pensionable service before 6 April 1997 for which they do not receive annual increases in periodic compensation from the Pension Protection Fund in (a) Boston and Skegness constituency and (b) the UK.

The rules around PPF indexation are generally in line with the legal requirements for defined benefit pension schemes. I recognise this matter has been the subject of much discussion and am aware of the concerns of pensions scheme members affected by this issue. The estimate, as of 31 March 2024, for members of the Pension Protection Fund with accrued pensionable service prior to 6 April 1997, who do not receive annual increases in periodic compensation are:

• Around 650 pensioners in the PPF who live in the Boston and Skegness constituency.
• Around 172,000 pensioners who live in the UK.