Plumbing: Pensions

Department for Work and Pensions written question – answered on 8th March 2018.

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Photo of John Mann John Mann Chair, Treasury Sub-Committee

To ask the Secretary of State for Work and Pensions, what assessment her Department has made of the financial effect on members of the Plumbing and Mechanical Services (UK) Industry Pension Scheme of the operation of section 75 of the Pensions Act 1995.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

As I explained in the adjournment debate on 11 January our Green Paper sought views about the current Section 75 employer debt regime and we have considered carefully the evidence made available by a number of pension schemes who responded, including the Plumbing and Mechanical Services (UK) Industry Pension Scheme. We have also assessed the impact any changes in this area could have on pension scheme members, and all other sponsoring employers.

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