The Minister acknowledges the significance of pensions and expresses sympathy towards AEA Technology pension scheme members. He outlines that while there was a particular focus on securing better indexation at the point of transfer, he understands why pensioners feel they have not secured what they had hoped for. The response details how the current Government is acting by introducing legislation in the form of the Pension Schemes Bill to address pre-1997 indexation within the PPF, which will benefit AEAT members. It also mentions that this issue has been considered by various parliamentary bodies and ombudsmen over time. The Minister concludes by stating that while the Government’s actions may not fully resolve all concerns, they are taking concrete steps to better protect pensions from inflation in future years.