Workplace Pensions

Treasury written question – answered at on 20 October 2025.

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Photo of Fabian Hamilton Fabian Hamilton Labour, Leeds North East

To ask the Chancellor of the exchequer, when the pension remediation work under the Public Service Pensions and Judicial Offices Act 2022 will be completed.

Photo of Torsten Bell Torsten Bell The Parliamentary Secretary, HM Treasury, The Parliamentary Under-Secretary of State for Work and Pensions

The McCloud remedy under the Public Service Pensions and Judicial Offices Act 2022 took effect from October 2023 and will deliver a full remedy to all affected public service pension scheme members. As part of this, all affected members are receiving a remediable service statement setting out the details of their pension entitlements. Pensioner members can make their remedy choice on receipt of this statement, while active and deferred members will make their choice at the point at which they retire. Schemes are currently working hard to ensure the remedy is delivered to all affected members as quickly as possible.

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Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.