Baroness Altmann – 2016 Parliamentary Question to the Department for Work and Pensions

The below Parliamentary question was asked by Baroness Altmann on 2016-10-11.

To ask Her Majesty’s Government whether they intend to offer relief to unincorporated employers who are at risk of personal bankruptcy as a result of significant increases in defined benefit pension deficits in Non-Associated Multi-Employer Schemes following the rise in annuity costs associated with the falls in long-term interest rates in recent years; and if so, what relief will be made available.

Lord Freud

We have recently consulted on problems faced by non-associated multi-employer schemes (NAMES) and had representations from various interested parties. We will be responding in due course.