questionText: To ask the Secretary of State for Work and Pensions, whether the Government will review the method used to apply CPI-linked increases in the PPF and FAS to pre-1997 accruals to ensure that compensation is proportionate to levels of historical losses.
answerText: The Government has tabled an amendment which provides that compensation payments from the Pension Protection Fund (PPF) and Financial Assistance Scheme (FAS) on pensions built up before April 1997 will now be linked to CPI-inflation (capped at 2.5%) and a...
heading: Financial Assistance Scheme and Pension Protection Fund: Index Linking