To ask the Secretary of State for Work and Pensions, if she will make an assessment of the financial status of people (a) who received pre-1997 defined benefit pensions and (b) who received payments from schemes with mandatory increases.
Analysis by the Pensions Regulator estimates that, as of 31 March 2023, more than three quarters of schemes provide indexation on scheme benefits accrued before 6 April 1997. This is in addition to any Guaranteed Minimum Pension rights accrued between 198...
Workplace Pensions