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1002135
star this property registered interest false more like this
star this property date less than 2018-11-05more like thismore than 2018-11-05
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 Pensions Regulator: Risk Assessment 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, when she plans to bring forward legislative proposals to enhance the moral hazard powers of the Pensions Regulator. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 188087 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-12more like thismore than 2018-11-12
star this property answer text <p>We have announced in the White Paper, <em>Protecting Defined Benefit Pension Schemes, </em>that we intend to introduce a stand-alone interview power and enhanced inspection powers to enable the Pensions Regulator to conduct its investigations in a more efficient way.</p><p> </p><p>The Government’s recent consultation on a stronger Pensions Regulator asked for views on proposals to strengthen the Pensions Regulator’s powers, including specifically enhancing its anti-avoidance powers, which deal with moral hazard. We are considering the responses and hope to publish our conclusions shortly, with a view to taking forward any necessary legislation in due course.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property grouped question UIN 188088 more like this
star this property question first answered
less than 2018-11-12T12:41:52.49Zmore like thismore than 2018-11-12T12:41:52.49Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1002136
star this property registered interest false more like this
star this property date less than 2018-11-05more like thismore than 2018-11-05
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 Pensions Regulator: Powers 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, if she will bring forward legislative proposals to enhance the (a) information-gathering and (b) anti-avoidance powers of the Pensions Regulator. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 188088 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-12more like thismore than 2018-11-12
star this property answer text <p>We have announced in the White Paper, <em>Protecting Defined Benefit Pension Schemes, </em>that we intend to introduce a stand-alone interview power and enhanced inspection powers to enable the Pensions Regulator to conduct its investigations in a more efficient way.</p><p> </p><p>The Government’s recent consultation on a stronger Pensions Regulator asked for views on proposals to strengthen the Pensions Regulator’s powers, including specifically enhancing its anti-avoidance powers, which deal with moral hazard. We are considering the responses and hope to publish our conclusions shortly, with a view to taking forward any necessary legislation in due course.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property grouped question UIN 188087 more like this
star this property question first answered
less than 2018-11-12T12:41:52.553Zmore like thismore than 2018-11-12T12:41:52.553Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1002137
star this property registered interest false more like this
star this property date less than 2018-11-05more like thismore than 2018-11-05
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 Pensions: Consumer Information 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 progress her Department has made on proposed verification and security measures for individual users of the proposed Pensions Dashboard. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 188089 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-12more like thismore than 2018-11-12
star this property answer text <p>On Tuesday 4 September 2018, I published a written statement providing an update on pensions including the pensions dashboard. This statement can be found here: <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-09-04/HCWS933/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-09-04/HCWS933/</a></p><p><strong> </strong></p><p>An industry-led Dashboard, facilitated by Government, will harness the best of industry innovation. We will continue to engage with industry, consumer groups and other stakeholders on this model and Government will protect pension savers and personal information by legislating where necessary.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2018-11-12T12:45:41.06Zmore like thismore than 2018-11-12T12:45:41.06Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1002138
star this property registered interest false more like this
star this property date less than 2018-11-05more like thismore than 2018-11-05
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 Pensions: Consumer Information 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, whether the participation of pension schemes in the Pensions Dashboard will be compulsory. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 188090 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-12more like thismore than 2018-11-12
star this property answer text <p>As set out in the Autumn Budget, DWP will consult on the detailed design for pensions dashboards, and on how an industry-led approach could harness innovation while protecting consumers. As part of the consultation, due to be published shortly, the Department will explore how to maximise the participation of pension schemes.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2018-11-12T12:44:09.55Zmore like thismore than 2018-11-12T12:44:09.55Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1105288
star this property registered interest false more like this
star this property date less than 2019-03-26more like thismore than 2019-03-26
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 Pensions: Advisory Services 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 she has made of the level of coordination between the Pensions Regulator and the Financial Conduct Authority in relation to defined benefit pension transfer advice. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 237080 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-02more like thismore than 2019-04-02
star this property answer text <p>The DWP are urging the two organisations to work much more closely together. The Pension’s Regulator and the Financial Conduct Authority carry out their functions independently. The Pension’s Regulator launched a joint protocol with Financial Conduct Authority in January 2019. The Protocol is intended to improve coordination between the Financial Conduct Authority, The Pension’s Regulator and the Pensions Advisory Service to help pension scheme trustees to ensure their members are adequately and fully informed when considering transferring their defined benefit pensions.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-04-02T16:28:51.133Zmore like thismore than 2019-04-02T16:28:51.133Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1140545
star this property registered interest false more like this
star this property date less than 2019-07-19more like thismore than 2019-07-19
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, what plans his Department has to tackle the use of shape shifting practices by employers to avoid meeting pension obligations to employees; and if he will make a statement . more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 279430 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-01more like thismore than 2019-08-01
star this property answer text <p>The vast majority of employers are meeting their pension obligations under automatic enrolment, consistent with the legal framework established under the Pensions Act 2008. Where employers fail to comply with the law however, The Pensions Regulator (TPR) has a full range of powers to ensure employees get the pensions they are due.</p><p>TPR is aware of some employers that appear to have tried to avoid meeting their pension obligations by hiding behind a new name. TPR investigators are working to take action against offenders that try to use this tactic, and are carrying out short-notice inspections on employers that are suspected of breaching their automatic enrolment duties.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-08-01T09:10:06.667Zmore like thismore than 2019-08-01T09:10:06.667Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
781345
star this property registered interest false more like this
star this property date less than 2017-10-31more like thismore than 2017-10-31
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 Social Security Benefits: 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 information his Department holds on the number of people receiving benefits due to expending their personal pension in the most recent period for which information is available. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 110541 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2017-11-06more like thismore than 2017-11-06
star this property answer text <p>The information requested is not available.</p><p> </p><p>Under the pension freedoms people with defined contribution pensions are able to draw capital or an income from their pensions from 55 years of age. If they do so, this will be taken into account in the assessment of their benefits entitlement. There are safeguards in place to deter people from deliberately spending their pension income in order to gain benefits.</p><p> </p><p> </p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2017-11-06T14:43:39.677Zmore like thismore than 2017-11-06T14:43:39.677Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
911261
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
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 Pension Protection Fund 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, whether her Department plans to increase the level of compensation payable by the Pension Protection Fund. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 147872 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-04more like thismore than 2018-06-04
star this property answer text <p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p> </p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property grouped question UIN
147873 more like this
147874 more like this
star this property question first answered
less than 2018-06-04T10:53:51.097Zmore like thismore than 2018-06-04T10:53:51.097Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
911262
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
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 Pension Protection Fund 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 she has made of the potential merits of providing inflation-linked increases to the amounts payable by the Pension Protection Fund to people with pre-April 1997 pensionable service. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 147873 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-04more like thismore than 2018-06-04
star this property answer text <p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p> </p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property grouped question UIN
147872 more like this
147874 more like this
star this property question first answered
less than 2018-06-04T10:53:51.157Zmore like thismore than 2018-06-04T10:53:51.157Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
911263
star this property registered interest false more like this
star this property date less than 2018-05-24more like thismore than 2018-05-24
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 Pension Protection Fund 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 estimate she has made of the cost of extending inflation-linked increases to the amounts payable by the Pension Protection Fund to people with pre-April 1997 pensionable service. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 147874 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-06-04more like thismore than 2018-06-04
star this property answer text <p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p> </p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property grouped question UIN
147872 more like this
147873 more like this
star this property question first answered
less than 2018-06-04T10:53:51.207Zmore like thismore than 2018-06-04T10:53:51.207Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this