Question to the HM Treasury:

To ask His Majesty's Government whether they have carried out any assessment of the costs to pension funds and pensioners from the impact of the Growth Plan statement by the then Chancellor of the Exchequer, Kwarsi Kwarteng, on 22 September; and what those costs are forecasted to be.

Pension funds are managed by independent trustees and managers and the performance of funds can vary significantly, depending on the investments that have been made, or as a consequence of market fluctuations.

Over time, the value of pension funds will change and its value at a point in time will depend on several factors, including the length of time it has been invested and the performance of the investments.

Changes to the value of pension funds in the U.K are not measured by any single data source, making it difficult to assess the impact of a particular event.

The Pensions Regulator is also actively monitoring the financial markets to assess the impact on defined benefit pension scheme funding and liquidity and they continue to meet with the Bank of England and other regulators on this.