The email below has a link to a meeting of the East Ayrshire Council which is sending a letter to Westminster – hopefully to Pat McFadden and Torsten Bell.

It looks there will be at least one amendment, raised by a member of the House of Lords and sponsored by a number of MPs, to get the discretionary element of pre-97 pensions removed from the 1995 Pensions Act.

This will be presented for discussion when the Pensions Schemes Bill comes back to the House of Commons. It will then go to the House of Lords before coming back to the House of Commons for its final reading so there is still time.

We understand there are a possible 3 similar amendments being raised by other MPs but until we see them it is difficult to say whether they relate to Defined Benefit schemes or Payment Protection Fund schemes.

For example there is already one amendment raised as follows:

“Indexation of pre-1997 service

The Secretary of State must by regulations make provision for indexation on compensation in respect of pre-1997 rights for members of the Pension Protection Fund and the Financial Assistance Scheme

Good for members of the Payment Protection Fund but not for ourselves.

We now have around 100 letters that have been sent by members that I have been informed of. Hopefully, there may be a number more that I haven’t been told about.

Alliance Facebook page link – https://www.facebook.com/groups/757211736207518/

Link to the progress of the Scheme Bill

https://bills.parliament.uk/bills/3982