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1148732
unstar this property registered interest false more like this
star this property date less than 2019-10-14more like thismore than 2019-10-14
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 remove filter
star this property hansard heading Occupational Pensions: West Bromwich West 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, how many and what proportion of people in West Bromwich West constituency have (a) opted out after being auto-enrolled into a workplace pension and (b) saved more than the auto-enrolment minimum contribution. more like this
star this property tabling member constituency West Bromwich West more like this
star this property tabling member printed
Mr Adrian Bailey remove filter
star this property uin 28 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 2019-10-18more like thismore than 2019-10-18
star this property answer text <p>Automatic enrolment has achieved a quiet revolution through getting employees into the habit of pension saving, and reversing the decline in workplace pension participation in the decade prior to these reforms. Since automatic enrolment started in 2012 participation rates have been transformed with 87% of eligible employees saving into a workplace pension in 2018, up from 55% in 2012.</p><p> </p><p>The Department does not hold data for individual constituencies in relation to opt outs or the number of individuals who have saved above the automatic enrolment minimum contribution level. However, we do know that overall around 9% of automatically enrolled workers have chosen to opt out which is significantly below original estimates; and our latest evaluation report shows that, in April 2017, approximately 5.9 million eligible employees were already meeting the April 2019 minimum contribution rates<sup>1</sup>.</p><p> </p><p>I am providing the following information about the impact of automatic enrolment in your constituency, as at end of September 2019<sup>2</sup>:</p><p> </p><p>In the West Bromwich West constituency since 2012, approximately 16,000 eligible jobholders have been automatically enrolled and 1480 employers have met their duties.</p><p> </p><p><sup>1</sup>Automatic Enrolment Evaluation Report 2018, available via the following weblink: <a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/764964/Automatic_Enrolment_Evaluation_Report_2018.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/764964/Automatic_Enrolment_Evaluation_Report_2018.pdf</a>.</p><p> </p><p><sup>2</sup>The Pensions Regulator’s data on Automatic enrolment declaration of compliance by constituency, available via the following weblink:</p><p><a href="https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests" target="_blank">https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests</a></p>
star this property answering member constituency Hexham more like this
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-10-18T10:55:16.407Zmore like thismore than 2019-10-18T10:55:16.407Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
320
unstar this property label Biography information for Mr Adrian Bailey more like this
1135311
unstar this property registered interest false more like this
star this property date less than 2019-06-27more like thismore than 2019-06-27
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 remove filter
star this property hansard heading Royal Mail: 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, with reference to the recent agreement between Royal Mail Group and the Communication Workers Union on pension schemes, whether legislation to permit the use of Collective Defined Contribution (CDC) pensions schemes will be introduced before the end of the current parliamentary session. more like this
star this property tabling member constituency West Bromwich West more like this
star this property tabling member printed
Mr Adrian Bailey remove filter
star this property uin 270259 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 2019-07-02more like thismore than 2019-07-02
star this property answer text <p>This Government is committed to legislating to facilitate the delivery of collective defined contribution schemes when parliamentary time allows.</p> more like this
star this property answering member constituency Hexham more like this
unstar this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-07-02T11:57:34.707Zmore like thismore than 2019-07-02T11:57:34.707Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
320
unstar this property label Biography information for Mr Adrian Bailey more like this