Financial Assistance Scheme

Summary

To ask the Secretary of State for Work and Pensions, what components are included in the Government's estimate of around £2 billion for the cost of Financial Assistance Scheme pre-1997 indexation; and whether that figure includes (a) arrears, (b) indexati

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Timeline

1. 20 May 2026

   Written question

   To ask the Secretary of State for Work and Pensions, what components are included in the Government's estimate of around £2 billion for the cost of Financial Assistance Scheme pre-1997 indexation; and whether that figure includes (a) arrears, (b) indexati

   Source: Commons

2. 10 June 2026

   Answer

   The Government has brought forward legislation to introduce increases on compensation payments from the Pension Protection Fund and Financial Assistance Scheme that relate to pensions built up before 6 April 1997. These will be CPI-linked (capped at 2.5%)...

   Source: Written answer

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• · Department for Work and Pensions · Answering body

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