The matter was also raised with Pensions Minister and Swansea West MP Torsten Bell at a meeting of the Commons Work and Pensions Committee earlier this month.<\/p>\n
Committee chair Labour MP Debbie Abrahams asked: “I cannot understand the reason for not making a decision to enable them to spend the last few years of their life in some comfort, can you give us any hope around this?”<\/p>\n
Bell replied: “It does need to be looked at properly.<\/p>\n
“It needs to be considered in the round of those wider impacts, as all public policy matters are, but I am absolutely aware of the issues.<\/p>\n
“I am also aware of the average age of the people that are affected.<\/p>\n
“The best thing I can do is to say that I am aware and I am looking at it, but the public finance implications are more complicated than you set out.”<\/p>\n
In response, concerning its \u00a313bn surplus, the PPF said it deliberately had what it called a reserve to protect it from future claims or in case people live longer than expected.<\/p>\n
The Department for Work and Pensions said it recognised members’ incomes may have been eroded in recent years.<\/p>\n
“However, these are complex matters requiring a balanced approach,” it said.<\/p>\n
“The government is continuing to consider what we have heard from the Pension Protection Fund and Financial Assistance Scheme members on this issue.”<\/p>\n","protected":false},"excerpt":{"rendered":"The matter was also raised with Pensions Minister and Swansea West MP Torsten Bell at a meeting of…\n","protected":false},"author":2,"featured_media":203576,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,2499,16,15],"class_list":{"0":"post-203575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114723642597033300","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/203575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=203575"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/203575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/203576"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=203575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=203575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=203575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}