Fifty-Seventh Report - AEA Technology Pension Case

Select Committee
Public Accounts Committee HC 1005 14 June 2023
Report Status Government responded
Conclusions & Recommendations 20 items (4 recs)
Source View on Parliament website
Government Response (AI assessment · 20 of 20 classified)
Accepted 7
Acknowledged 1
Deferred 5
Rejected 7
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Fifty-seventh report from Session 2022-23 · published 24 Sep 2023
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Recommendations & Conclusions

1 results
6 Conclusion Acknowledged
Government information failed to disclose loss of pension scheme government guarantee.
Conclusion
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 Summary
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
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