questionText: To ask the Secretary of State for Work and Pensions, what information her Department holds on the number of retirees affected by the lack of statutory inflation protection for pre-1997 defined benefit pensions.
answerText: Analysis carried out by the Pensions Regulator estimates that, as of 31 March 2023, 23 per cent of private-sector occupational Defined Benefit (DB) pension schemes have no indexation applied to pre-1997 benefits. However, this is in addition to any Guaran...
heading: Workplace Pensions: Inflation