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TPR correspondence

FOI reference - FOI-53
Date - 2 November 2022


I write to request copies of any TPR reports, (to or from) and correspondence with, HM Treasury (HMT), the Government Actuary’s Department (GAD) and the Office for Budget Responsibility (OBR) on the subject of the SCAPE discount rate.

I appreciate the 'funding' of public sector pensions is outside your regulatory remit (you are legally responsible for administration only). However with the vested interest of your own staff, a huge reputational issue and your public statement that you “protect the UK’s workplace pensions” and “Making workplace pensions work”, I feel the question is necessary and the FoI request is clearly in the public interest.

The SCAPE discount rate assumes GDP growth of CPI + 2.4-3.5% pa and the non-attainment of such since 2099 implies a Ponzi Scheme. There are over 5m affected members with index linked liabilities > £2.1tn.


Following a search of our paper and electronic records, I have established that we do not hold the information you have requested.