| Heading: |
Boots: Pensions |
| Question ID: |
1727981 |
| UIN: |
HL905 |
| House: |
Lords |
| Date tabled: |
2024-09-09 |
| Asking Member ID: |
302 |
| Asking Member display name: |
Lord Rooker
|
| Asking Member handle: |
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| Asking Member Twitter reference: |
Lord Rooker
|
| Member interest: |
false |
| Question text: |
To ask His Majesty's Government what assessment they have made of (1) the sale of the Boots Pension scheme to an insurance company and (2) the effect of this sale on the protection provided to the pensions held in the Boots Pension scheme by the Pension P |
| Is named day: |
false |
| Date of holding answer: |
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| Date answered: |
2024-09-18 |
| Date answer corrected: |
|
| Is holding answer: |
false |
| Is correcting answer: |
false |
| Answering Member ID: |
4147 |
| Answering Member display name: |
Baroness Sherlock
|
| Answering Member handle: |
MaeveSherlock
|
| Answering Member Twitter reference: |
@MaeveSherlock
|
| 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: |
When a Defined Benefit pension scheme transfers responsibility for paying some or all of its members’ benefits to an insurer, the scheme pays a premium to the insurance company, which then takes on responsibility for paying the promised benefits. This is ... |
| Original answer text: |
|
| Comparable answer text: |
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| Answering body ID: |
29 |
| Answering body name: |
Department for Work and Pensions |
| Tweeted: |
true |