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1064102
star this property registered interest false more like this
unstar this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star 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 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 19 February 2019 to Question 219503 on Occupational Pensions, what criteria her Department uses to assess the effect of the (a) 2018 and (b) 2019 increases in the minimum contribution rates. more like this
star this property tabling member constituency Lanark and Hamilton East remove filter
star this property tabling member printed
Angela Crawley more like this
star this property uin 223513 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>As part of its 2017 Automatic Enrolment Review the Government committed to build on the success of Automatic Enrolment by continuing to monitor and evaluate the impact of increased contributions in 2018 and 2019, as the contributions rose to 5% and 8%.</p><p> </p><p>In April 2018, the first of two planned Automatic Enrolment minimum contribution increases took place, with total contributions increasing from 2% to 5%.</p><p> </p><p>Following the first contribution increase, the Government did a detailed evaluation in the 2018 Automatic Enrolment evaluation report (published December 2018), which provides early evidence suggesting that the first increase has gone smoothly with no significant change in savings behaviours.</p><p> </p><p>A link for the report can be found here:</p><p> </p><p><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 Department is continuing to closely monitor and evaluate the impacts of the phased contribution increases throughout 2019 and will do a detailed evaluation of the 8% rise 2019/2020.</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 2019-02-27T14:25:07.893Zmore like thismore than 2019-02-27T14:25:07.893Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4469
unstar this property label Biography information for Angela Crawley more like this
1064103
star this property registered interest false more like this
unstar this property date less than 2019-02-19more like thismore than 2019-02-19
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star 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 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 19 February 2019 to Question 219503 on Occupational Pensions, with which stakeholders her Department plans to consult on the evaluation of Automatic Enrolment. more like this
star this property tabling member constituency Lanark and Hamilton East remove filter
star this property tabling member printed
Angela Crawley more like this
star this property uin 223514 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer remove filter
star this property answer text <p>The Government is committed to maintaining the consensus with employers, pension providers, payroll companies, consumer groups, Government departments, analytical teams and other delivery partners, which has been a hallmark of the success of Automatic Enrolment. We will continue to inform stakeholders about any future consultations, and evaluation or implementation plans.</p> more like this
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 2019-02-27T10:26:44.783Zmore like thismore than 2019-02-27T10:26:44.783Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
4469
unstar this property label Biography information for Angela Crawley more like this