Mineworkers' Pension Scheme

Department for Business, Energy and Industrial Strategy written question – answered on 5th November 2019.

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Photo of Nick Smith Nick Smith Opposition Whip (Commons)

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 30 October 2019 to Question 5421, whether proposals for the long-term protection of pension bonuses for members of the Mineworkers' Pension Scheme have been formally accepted.

Photo of Kwasi Kwarteng Kwasi Kwarteng The Minister of State, Department for Business, Energy and Industrial Strategy

I have written to the Trustees of the Mineworkers’ Pension Scheme to confirm that the Government will agree to their proposals in full. This includes providing a guarantee for pensions that have accrued that could otherwise have been lost. I have instructed BEIS officials to work with the Trustees to implement the changes as swiftly as possible.

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