AEAT scheme members were 'badly informed', says PAC

‘Incomplete information’ from government caused members to suffer financial losses

Martin Richmond
clock • 3 min read
AEAT scheme members were 'badly informed', says PAC

Members of the UK Atomic Energy Authority Technology (AEAT) Pension Scheme were “badly informed” by the government at the time they transferred into the scheme, according to the Public Accounts Committee (PAC).

In a report published today (14 June), the PAC concluded the workers who transferred their benefits into the AEAT scheme after AEAT was privatised in 1996, did so based on "incomplete information f...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

The growth of digitalisation in pensions and the risks that follow

The growth of digitalisation in pensions and the risks that follow

In October, Professional Pensions assembled a panel of industry experts to discuss fraud, digitalisation and data management.

Professional Pensions
clock 18 November 2025 • 16 min read
News Digest: SPP warns of dangers in mandating pre-1997 indexation

News Digest: SPP warns of dangers in mandating pre-1997 indexation

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 18 November 2025 • 1 min read
PPF launches consultation on 2026/27 levy

PPF launches consultation on 2026/27 levy

Lifeboat fund proposes a zero levy for conventional DB pension schemes

Holly Roach
clock 17 November 2025 • 1 min read
Trustpilot