To ask the Secretary of State for Work and Pensions, what steps she is taking to prevent companies sponsoring pensions from reducing pension indexation rates below promised levels.
Defined Benefit schemes are legally required to increase pensions in payment annually (for pension rights earned from April 1997 onwards) to provide pensioners with a measure of protection against the effects of inflation. Before April 1997, there was no ...
Workplace Pensions: Uprating