Question to the Department for Work and Pensions:

To ask Her Majesty's Government whether the Pension Protection Fund nominated someone to sit on the board of Monarch Airlines, or otherwise monitored (1) the financial performance and management of that company, and (2) its relationships with its controlling shareholder, affiliates of that shareholder, and its suppliers of aircraft.

The Pension Protection Fund (PPF) is an independent body which pays compensation to members of defined benefit occupational pension schemes where the sponsoring employer becomes insolvent and the scheme is unable to cover the accrued pension liabilities.

The PPF’s engagement with Monarch Airlines is an operational matter, and I have asked PPF to respond directly to the Noble Lord.