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934470
star this property registered interest false more like this
star this property date less than 2018-07-03more like thismore than 2018-07-03
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 more like this
star this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what measures they have put in place to ensure auto-enrolment pension records are accurate; and what checks they require pension schemes to undertake to ensure the contribution payments are correct. more like this
star this property tabling member printed
Baroness Altmann more like this
unstar this property uin HL9151 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 2018-07-10more like thismore than 2018-07-10
star this property answer text <p>Automatic enrolment has been a great success, with over 9.7 million employees enrolled and more than 1.2 million employers have met their duties to date. Government has put in place a robust, proportionate compliance framework. This is administered by The Pensions Regulator, and includes detailed regulatory guidance about how to comply with the law. An employer is required to select a qualifying pension scheme; enrol qualifying staff into that scheme, and deduct any contributions payable under automatic enrolment.</p><p> </p><p>Employers are also required to pay those contributions across to their chosen pension provider by a set deadline. Although the deadlines for contribution payments vary, depending on the type of scheme being used, there is an overall legal deadline of the twenty-second day of the following month; which aligns with the HMRC deadline for paying tax and National Insurance. <br></p><p>Qualifying pension schemes for automatic enrolment are subject to the same regulatory framework as all trust-based workplace pension schemes, also overseen by The Pensions Regulator. The Regulator has published codes of practice on its website setting out how trustees of defined contribution pension schemes and managers of personal pension schemes should monitor the payment of contributions; provide information to help members check their contributions; and report material payment failures to the Regulator.</p>
star this property answering member printed Baroness Buscombe more like this
star this property grouped question UIN HL9152 more like this
star this property question first answered
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unstar this property answering member
3349
star this property label Biography information for Baroness Buscombe more like this
star this property tabling member
4533
unstar this property label Biography information for Baroness Altmann more like this