UK Parliament / Open data

Guaranteed Minimum Pensions Increase Order 2017

I am grateful for the offer of correspondence on those two issues: dealing with information flows under existing arrangements and the Sunday Times article. It may be “fake news”—I think that is the term—and I do not know how accurate it is, but it seemed to tie in with important issues regarding data and the capacity of the system to cope with it.

I am particularly concerned about the arrangements for reconciling records with HMRC. My noble friend Lady Drake has been heavily involved in many pension matters over the years, particularly the Pension Protection Fund. She could wax lyrically about the dirty data that somehow came from defined benefit schemes, and how difficult it was to straighten those data out. I am not sure whether there is any of that in this, or how many GMPs are currently in payment. Having said all that, I accept the generous offer of correspondence on this. It would be helpful to have it as soon as possible, because I have to go back to basics every year to remind myself what it is all about.

About this proceeding contribution

Reference

779 c26GC 

Session

2016-17

Chamber / Committee

House of Lords Grand Committee
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