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596127
unstar this property registered interest false more like this
unstar this property date remove filter
star this property answering body
Department for Work and Pensions remove filter
star this property answering dept id 29 more like this
unstar this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
unstar this property hansard heading British Steel: Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what meetings he has had with Ministers of the Department for Business, Energy and Industrial Strategy on the British Steel Pension Scheme. more like this
star this property tabling member constituency Middlesbrough South and East Cleveland more like this
star this property tabling member printed
Tom Blenkinsop more like this
star this property uin 47146 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-10-12more like thismore than 2016-10-12
unstar this property answer text <p>Officials from both departments maintain regular contact on this issue.</p><p>So far, the Secretary of State for Work and Pensions has had one meeting with Ministers of the Department for Business, Energy and Industrial Strategy to discuss the British Steel Pensions Scheme, and future meetings are planned.</p> more like this
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington remove filter
star this property question first answered
less than 2016-10-12T16:30:19.437Zmore like thismore than 2016-10-12T16:30:19.437Z
star this property answering member
4068
star this property label Biography information for Lord Harrington of Watford more like this
star this property tabling member
4037
unstar this property label Biography information for Tom Blenkinsop more like this
596114
unstar this property registered interest false more like this
unstar this property date remove filter
star this property answering body
Department for Work and Pensions remove filter
star this property answering dept id 29 more like this
unstar this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
unstar this property hansard heading State Retirement Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what assessment he has made of the effect of the triple lock pension policy on the number of pensioners living in poverty in (a) Woking constituency, (b) the South East and (c) the UK. more like this
star this property tabling member constituency Woking more like this
star this property tabling member printed
Mr Jonathan Lord more like this
star this property uin 46749 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-10-17more like thismore than 2016-10-17
unstar this property answer text <p>While we can’t draw a direct link between the triple lock and pensioner poverty, pensioner poverty is at one of the lowest rates since records began, with 100,000 fewer pensioners in relative poverty (after housing costs) than there were in 2009/10. Pensioners are now less likely to be in relative and absolute low income after housing costs than the population as a whole. The Government continues to support the poorest pensioners, not least through Pension Credit which tops up income to a guaranteed minimum level of £155.60 for a single person and £237.55 for couples.</p><p>The Government wants all pensioners to have a decent and secure income in retirement. We have committed to maintain the triple lock to 2020, the guarantee that both the basic State Pension and the new State Pension will increase by the highest of the growth in average earnings, price increase or 2.5%. The full basic State Pension is now over £1,100 a year higher than it was at the start of the last Parliament. This is benefitting many of the 17,000 recipients of the State Pension in Woking, the 1.7 million recipients in the South East and the 13 million recipients in the UK.</p>
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington remove filter
star this property question first answered
less than 2016-10-17T11:57:12.607Zmore like thismore than 2016-10-17T11:57:12.607Z
star this property answering member
4068
star this property label Biography information for Lord Harrington of Watford more like this
star this property tabling member
4090
unstar this property label Biography information for Mr Jonathan Lord more like this
596115
unstar this property registered interest false more like this
unstar this property date remove filter
star this property answering body
Department for Work and Pensions remove filter
star this property answering dept id 29 more like this
unstar this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
unstar this property hansard heading Workplace Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 12 September 2016 to Question 44305, what estimate he has made of the number of people who are not in receipt of the expected level of guaranteed income because their defined benefit pension fund is in deficit. more like this
star this property tabling member constituency Birmingham, Selly Oak more like this
star this property tabling member printed
Steve McCabe more like this
star this property uin 46915 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-10-17more like thismore than 2016-10-17
unstar this property answer text <p>None - the fact that a pension scheme is in deficit does not mean that it cannot pay the pensions which are currently in payment. A deficit simply means that the assets currently held by the scheme are insufficient to meet the estimated cost of paying <strong>all</strong> the scheme’s existing and future pension liabilities when they fall due. In these circumstances trustees agree deficit repair contributions to eliminate any deficit over an appropriate period with the sponsor, taking into account scheme and employer circumstances.</p><p>In the unlikely event that a scheme has insufficient assets to pay current pensions calculated under scheme rules, the sponsoring employer must pay additional contributions into the scheme. If the sponsoring employer cannot do so because it becomes insolvent, the Pension Protection Fund (PPF) is in place to ensure that members receive an appropriate level of compensation.</p> more like this
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington remove filter
star this property question first answered
less than 2016-10-17T15:20:55.797Zmore like thismore than 2016-10-17T15:20:55.797Z
star this property answering member
4068
star this property label Biography information for Lord Harrington of Watford more like this
star this property tabling member
298
unstar this property label Biography information for Steve McCabe more like this
596100
unstar this property registered interest false more like this
unstar this property date remove filter
star this property answering body
Department for Work and Pensions remove filter
star this property answering dept id 29 more like this
unstar this property answering dept short name Work and Pensions more like this
star this property answering dept sort name Work and Pensions more like this
unstar this property hansard heading Workplace Pensions more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 13 September 2016 to Question 45590, what representations he has made to the Defined Benefit pension sector on pension deficits reported in September 2016; what steps his Department is taking to support that sector in decreasing their deficit; and if he will make a statement. more like this
star this property tabling member constituency Birmingham, Selly Oak more like this
star this property tabling member printed
Steve McCabe more like this
star this property uin 47381 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2016-10-17more like thismore than 2016-10-17
unstar this property answer text <p>We are continuing to look at issues affecting DB schemes and we have been exploring whether there is more that this Government can do. However, any potential changes would need to be considered very carefully against the need to ensure appropriate protection for members, the impact on business, and the needs of the wider economy.</p> more like this
star this property answering member constituency Watford more like this
star this property answering member printed Richard Harrington remove filter
star this property question first answered
less than 2016-10-17T11:46:29.373Zmore like thismore than 2016-10-17T11:46:29.373Z
star this property answering member
4068
star this property label Biography information for Lord Harrington of Watford more like this
star this property tabling member
298
unstar this property label Biography information for Steve McCabe more like this