15
Rejected
The Government’s guarantee has undoubtedly benefitted the Scheme’s members by providing vital security that the...
Conclusion
The Government’s guarantee has undoubtedly benefitted the Scheme’s members by providing vital security that the value of pensions will not decrease. However, the price of this guarantee is no longer fair. (Paragraph 64) Mineworkers’ Pension Scheme 25
Government Response Summary
The government rejected the conclusion, stating it continues to believe the 1994 arrangement was fair and beneficial to both scheme members and taxpayers, with the government bearing all the risk.
Government Response
Rejected
Government Response
Rejected
HM Government
Rejected
The Government continues to believe that the arrangement agreed in 1994 was fair and beneficial to both Scheme members and taxpayers. Scheme members have rightly shared in the benefits but the Government has taken on all the risk.
Source
Committee
Business and Trade Committee
Inquiry
Mineworkers' Pension Scheme
Report
Sixth Report - Mineworkers’ Pension Scheme
29 Apr 2021
HC 1346
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age
5.3 yrs
Report published
29 Apr 2021