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Dame Nia calls for Pensions Act loophole to be closed
Western Mail
|December 05, 2025
COMPANIES should "pay up" and give workers annual increases in pension payments in line with inflation, a Welsh Labour MP has said.
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Former minister Dame Nia Griffith said many pensioners have been treated "very shabbily" as she urged the UK Government to close a loophole in the Pensions Act 1995 which allows employers to reject inflationbased rises.
MPs scrutinised pension reforms brought forward by the UK Government, which aim to secure higher returns for savers.
Work and pensions minister Torsten Bell said: "The case for this focus is clear, those retiring in 2050 are currently set to do so with lower private pension income than those retiring today."
Diese Geschichte stammt aus der December 05, 2025-Ausgabe von Western Mail.
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