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1145116
star this property registered interest false more like this
star this property date less than 2019-09-05more like thismore than 2019-09-05
star this property answering body
Department for Work and Pensions more like this
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
star this property hansard heading Occupational Pensions: Neath 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 Neath 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
unstar this property tabling member constituency Neath more like this
star this property tabling member printed
Christina Rees more like this
star this property uin 287651 remove filter
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-09-09more like thismore than 2019-09-09
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. Workplace pension participation rates are being transformed with 87% of eligible employees saving into one in 2018, up from 55% in 2012.</p><p> </p><p>The DWP 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.</p><p> </p><p>In the Neath constituency, since 2012, approximately 3,000 eligible jobholders have been automatically enrolled and 860 employers have met their duties.</p><p> </p><p>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>The Pensions Regulator’s data on Automatic enrolment declaration of compliance by constituency, available via the following weblink: <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><p> </p><p> </p><p> </p>
star this property answering member constituency Hexham more like this
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-09-09T16:38:16.213Zmore like thismore than 2019-09-09T16:38:16.213Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
4525
unstar this property label Biography information for Christina Rees more like this