Steve McCabe – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Steve McCabe on 2016-09-02.

To ask the Secretary of State for Work and Pensions, what plans he has to improve the affordability of existing pension schemes for companies.

Richard Harrington

The Government is aware of the fact that some parts of the Defined Benefit (DB) pension sector are concerned about the current economic climate, but the situation is very mixed, and the experiences of schemes differ. We do not believe there is a systemic problem but we continually look at ways to improve the affordability of schemes.