Question to the Department for Work and Pensions:
To ask His Majesty's Government how many pension schemes have entered the Financial Assistance Scheme; and for what proportion of (1) schemes, and (2) scheme members, does the Pension Protection Fund have definitive copies of the original scheme's trust deed and rules in relation to pre-1997 pension increases.
As of 16 December 2025, 1,045 schemes have transferred into the Financial Assistance Scheme.
The Pension Protection Fund (PPF) holds a significant amount of scheme information. We are confident that the PPF will be able to identify the information needed and successfully implement the reforms to award pre-97 indexation uplifts to compensation payments.
The PPF is reviewing the information it holds for each scheme. Alongside scheme rules, the PPF will use additional data sources, including scheme return data, member booklets, data provided on transfer, valuation reports, annuity reports, and bulk buyout schedules.
Where the position is unclear, the clauses within the Pension Schemes Bill provide that the presumption is in favour of the members. In such cases, the PPF will award pre-97 indexation.