AEA Group: Pensions

(asked on 18th August 2021) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the potential merits of establishing an independent savings and pension commission to better ensure that pensions and savings policies (a) are fit for purpose and (b) avoid such instances as the collapse of the AEA Technology pension scheme.


Answered by
Guy Opperman Portrait
Guy Opperman
Parliamentary Under-Secretary (Department for Transport)
This question was answered on 8th September 2021

No assessment has been made, but the Pension Protection Fund continue to provide statutory compensation where a sponsoring employer becomes insolvent.

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