Examination of Witnesses

Part of Pension Schemes Bill – in a Public Bill Committee at 9:30 am on 21st October 2014.

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Photo of Gregg McClymont Gregg McClymont Shadow Minister (Work and Pensions) 9:30 am, 21st October 2014

The PPF has been, in any fair observer’s opinion, a success in providing an insurance policy for scheme members in schemes that could possibly go under. PPF has been a success in that respect.

Alan, can you reflect on how you believe this potential move to risk-sharing pensions will impact upon the PPF’s role? Do you hope that in the long term it might reduce the pressures on the PPF to pay significant numbers of pensions?