| Heading: |
Pension Funds: Sales |
| Question ID: |
1814453 |
| UIN: |
61207 |
| House: |
Commons |
| Date tabled: |
2025-06-19 |
| Asking Member ID: |
4764 |
| Asking Member display name: |
Bell Ribeiro-Addy
|
| Asking Member handle: |
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| Asking Member Twitter reference: |
Bell Ribeiro-Addy
|
| Member interest: |
false |
| Question text: |
To ask the Secretary of State for Work and Pensions, whether she plans to introduce safeguards for pensions against future (a) sale and (b) transfer of pension funds to (i) insurance companies and (ii) other entities. |
| Is named day: |
false |
| Date of holding answer: |
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| Date answered: |
2025-06-25 |
| Date answer corrected: |
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| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
5069 |
| Answering Member display name: |
Torsten Bell
|
| Answering Member handle: |
TorstenBell
|
| Answering Member Twitter reference: |
@TorstenBell
|
| Correcting Member ID: |
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| Correcting Member display name: |
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| Correcting Member handle: |
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| Correcting Member Twitter reference: |
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| Answer text: |
Insurance buyout is a long-established way of ensuring members get the full value of their promised defined benefit (DB) pensions from an insurer, backed by a 100 per cent compensation from the Financial Services Compensation Scheme. This is widely regard... |
| Original answer text: |
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| Comparable answer text: |
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| Answering body ID: |
29 |
| Answering body name: |
Department for Work and Pensions |
| Tweeted: |
true |