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1135807
star this property registered interest false more like this
star this property date less than 2019-07-01more like thismore than 2019-07-01
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
unstar 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 publication of the master trust and GPP defaults report by Corporate Adviser magazine, whether her Department plans to reduce the protection on charges for members of occupational pension schemes used for automatic enrolment. more like this
star this property tabling member constituency Wallasey remove filter
star this property tabling member printed
Ms Angela Eagle more like this
unstar this property uin 271354 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 2019-07-04more like thismore than 2019-07-04
star this property answer text <p>The DWP have no such plans. The Corporate Adviser report (available on request from <a href="https://corporate-adviser.com/" target="_blank">https://corporate-adviser.com/</a>) showed that the vast majority of pension savers are in schemes are able to invest in a range of diversified assets at prices well below the automatic enrolment charge cap. Therefore I do not intend to reduce member protections.</p><p> </p><p>In my 2017 written statement HCWS249 (<a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-11-16/HCWS249/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2017-11-16/HCWS249/</a>) I committed to reviewing the level and scope of the charge cap in 2020, alongside the suitability of ‘combination charges’ (where a percentage charge on funds is combined with a charge on contribution or a flat annual fee), to see whether a change is needed to protect members.</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
remove filter
unstar this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
491
star this property label Biography information for Ms Angela Eagle more like this