AEA Technology Pension Case

Public Accounts Committee Closed Inquiry
Opened: 20 Jan 2023 Closed: 24 Sep 2023 Parliament page
Following its work on the British Steel Pension Scheme , the Committee will question Government Actuary Martin Clarke and Karl Banister, Director of Operations, Legal and Clinical, from the Parliamentary and Health Service Ombudsman on the Atomic Energy Agency Technology pension case. This inquiry is based on an ongoing NAO … Read more
4 Recommendations
16 Conclusions
2 Reports
1 Oral session
3 Letters
1 Event
Activity timeline 7 events
23 Nov
2023
Report published
24 Sep
2023
Report published
11 Jul
2023
Correspondence
14 Jun
2023
Report published
17 Apr
2023
Correspondence
17 Apr
2023
Correspondence
13 Mar
2023
Oral evidence
Oral evidence sessions 1 session
13 Mar 2023
View on parliament.uk
AEA Technology pension case
Karl Banister · Parliamentary and Health Service Ombudsman Martin Clarke · Government Actuary’s Department (GAD) Tom Josephs · Department for Work and Pensions
Recommendations & Conclusions
1 result
Clear
6 Conclusion Acknowledged
Fifty-Seventh Report - AEA Technol…
Government information failed to disclose loss of pension scheme government guarantee.
None of the information government provided to scheme members told them the government guarantee would be lost if they transferred their accrued benefits into the new pension scheme.7 We asked GAD why members were not told this, and whether the … Read more
Government Response
The government acknowledges the complexity of pension decisions and outlines various initiatives like the Stronger Nudge to Pensions Guidance, mid-life MOT, and Pensions Dashboards to support people in making informed decisions about their pensions, without directly addressing the conclusion about the specific loss of government guarantee information.
HM Treasury
View details
Government Response AI assessment · 20 of 4 classified
Accepted 7
Acknowledged 1
Deferred 5
Rejected 7
Total 4 recs + 16 conclusions
Correspondence 3 letters
11 Jul 2023 Correspondence from William Wragg MP, Public Administration and Constitutional Affairs Committee, re Public Accounts Committee – Report on the AEA Technology Pension Case, dated 4 July 2023
Parliament page
17 Apr 2023 Correspondence from Tom Josephs, Director, Private Pensions and Arm’s Length Bodies Department for Work and Pensions, re DWP follow up to the Public Accounts Committee Hearing on Atomic Energy Authority Technology pension scheme 13 March 2023, dated 4 April 2023
Parliament page
17 Apr 2023 Correspondence from Martin Clarke, Government Actuary, Government Actuary’s Department, re Public Accounts Committee Hearing 13th March 2023 – AEAT Pension Scheme, dated 27 March 2023
Parliament page