Lord Myners – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Lord Myners on 2016-04-25.

To ask Her Majesty’s Government whether they will review the financial strength of the Pension Protection Fund.

Baroness Altmann

The Pension Protection Fund is run by an independent Board and reviews its financial position regularly. It manages over £23 billion of assets and, in the 2014/15 Annual Report, the last published, declared a funding ratio of 115.1 per cent and a surplus of £3.6 billion.