Written questions, answers and statements

House of Commons written question 10589.

Show full question

Question for Department for Work and Pensions

UIN 10589, tabled on 13 November 2025

Question

Henry Tufnell
Labour
Mid and South Pembrokeshire
Commons

To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential merits of indexing payments from the Financial Assistance Scheme for pensions accrued before 1997 by Allied Steel and Wire members.

Answer

Torsten Bell
Labour
Swansea West
Commons

Answered on

18 November 2025

We are committed to consider what we have heard on this issue. I have heard first hand all the challenges facing ASW workers and others with pre-1997 accrued pensions. However any change in this area has significant implications on public finances for the taxpayer funded Financial Assistance Scheme.

We will continue to work through these important issues with the Pension Protection Fund. The PPF has recently reviewed, and made publicly available, its assessment of the potential impacts of addressing pre-1997 indexation for all the schemes within its remit.

Answered by

Department for Work and Pensions
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.