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1666667

registered interest
date	23/10/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what steps his Department is taking to expand Automatic Enrolment.
tabling member constituency	Crewe and Nantwich
tabling member printed	Dr Kieran Mullan
uin	203977
answer	answer is ministerial correction date of answer 26/10/2023 answer text <p>This government is clear about the importance of pension saving so that individuals can plan for the retirement they want. We recognise the current minimum contribution rates for automatic enrolment (AE) are unlikely to give all individuals the retirement to which they aspire. That is why we are committed to implementing the 2017 Review measures.</p><p> </p><p>Expanding AE to younger people and helping all eligible workers save from the first pound of earnings will boost overall saving levels, once fully implemented, by an extra £2 billion a year in pension contributions.</p><p> </p><p>Following the successful passage of the Pensions (Extension of Automatic Enrolment) (No. 2) Act 2023, supported by government, we have committed to consult on the detailed implementation of AE expansion and will do so at the earliest opportunity and report to Parliament before using the powers in the Act.</p> answering member constituency Sevenoaks answering member printed Laura Trott grouped question UIN 203978 question first answered 26/10/2023 09:18:22 answering member 4780 label Biography information for Laura Trott
tabling member	4860 label Biography information for Dr Kieran Mullan

1641722

registered interest
date	05/06/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, if he will make an assessment of the potential merits of increasing the flexibility of retirement options for final salary schemes.
tabling member constituency	York Central
tabling member printed	Rachael Maskell
uin	187738
answer	answer is ministerial correction date of answer 13/06/2023 answer text <p>A final salary pension scheme offers members a valuable guarantee of a secure retirement income for life, and will often offer some flexibility to their members, in terms of the shape of benefits and when they are taken. There are routes to transferring out to access further flexibilities, subject, where appropriate, to taking appropriate advice.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 13/06/2023 13:00:16 answering member 4780 label Biography information for Laura Trott
tabling member	4471 label Biography information for Rachael Maskell

1639848

registered interest
date	23/05/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, whether he has made an assessment of the implications for his Department's policies of requiring employees who have opted out of a workplace pension scheme to be automatically re-enrolled every three years.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	186527
answer	answer is ministerial correction date of answer 30/05/2023 answer text <p>The government continues to advocate for the importance of pension saving which offers greater financial resilience in later life. Automatic Enrolment (AE) has transformed pension participation rates, with 86% of eligible private sector employees saving into a workplace pension in 2021, up from 42% in 2012.</p><p> </p><p>AE was deliberately designed with an opt-out to give people choice, enabling them to decide if saving for a pension is right for them given their circumstances and affordability.</p><p> </p><p>This is why when an individual makes the decision to pause or cease contributions, the AE framework requires their employer to re-assess and re-enol their eligible employees every three years, which prevents individuals from falling out of pension saving in the medium to long term.</p><p> </p><p>The re-enrolment regime has been successful, seeing 1 million eligible job holders automatically re-enrolled since the introduction of AE in 2012.</p><p> </p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 30/05/2023 14:47:55 answering member 4780 label Biography information for Laura Trott
tabling member	4488 label Biography information for Martyn Day

1639849

registered interest
date	23/05/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential merits of requiring employers to provide information on workplace pension (a) automatic enrolment and (b) opt-out notices in a non-digital format to assist employees without access to digital communications.
tabling member constituency	Linlithgow and East Falkirk
tabling member printed	Martyn Day
uin	186528
answer	answer is ministerial correction date of answer 30/05/2023 answer text <p>There are no plans to place an additional statutory requirement on businesses to provide non-digital opt-out notices and information on automatic enrolment (AE). Detailed guidance from The Pensions Regulator (TPR) specifically asks employers to consider the appropriateness of the format of the information they are providing to their workers (such as digital access). This is ultimately a choice for individual employers and pension schemes to make based on their own circumstances and considering employee/member needs.</p><p> </p><p>Further guidance from TPR is available to aid employers in fulfilling their AE obligations, including on providing information on AE and the right to opt-out (at section 5). This guidance is available here: <a href="https://www.thepensionsregulator.gov.uk/en/document-library/automatic-enrolment-detailed-guidance/resources-information-to-workers" target="_blank">Information to workers - automatic enrolment detailed guidance for employers | The Pensions Regulator</a></p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 30/05/2023 14:49:40 answering member 4780 label Biography information for Laura Trott
tabling member	4488 label Biography information for Martyn Day

1639352

registered interest
date	22/05/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what steps his Department is taking to minimise the number of people (a) pausing or (b) reducing their employee contributions to workplace pensions.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	186108
answer	answer is ministerial correction date of answer 25/05/2023 answer text <p>We closely monitor workplace pension participation, and it has remained resilient during what have been unprecedented economic times. We regularly publish the <a href="https://www.gov.uk/government/statistics/workplace-pension-participation-and-savings-trends-2009-to-2021" target="_blank"><em>Workplace Pension Participation and Savings Trends</em></a> data on gov.uk which shows that the proportion of pension savers who actively cease saving each month remains below 1%.</p><p> </p><p>If an individual makes the decision to pause or cease contributions, the AE framework requires their employer to re-assess and re-enol their eligible employees every three years, which prevents individuals from falling out of pension saving in the medium to long term.</p><p> </p><p>If savers are considering reducing or ceasing pension contributions, then guidance is available before taking action, services such as MoneyHelper are available to provide support and guidance.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 25/05/2023 15:23:57 answering member 4780 label Biography information for Laura Trott
tabling member	4244 label Biography information for Jonathan Ashworth

1601346

registered interest
date	06/03/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what steps his Department is taking to enable auto-enrolment to pensions from 18 years of age.
tabling member constituency	Solihull
tabling member printed	Julian Knight
uin	158963
answer	answer is ministerial correction date of answer 14/03/2023 answer text <p>The Government remains committed to enabling Automatic Enrolment (AE) into workplace pensions from age 18, consistent with our 2017 AE Review proposals. That is why we are supporting Jonathan Gullis’s Private Members’Bill, which had its second reading on Friday 3 March; this presents an immediate route for the necessary legislative powers in the current Parliamentary session. The Bill includes a statutory requirement to consult and report on the outcomes to inform the implementation approach and timing, before using these powers.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 14/03/2023 15:27:28 answering member 4780 label Biography information for Laura Trott
tabling member	4410 label Biography information for Julian Knight

1580824

registered interest
date	25/01/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what steps his Department is taking to support (a) defined benefit and (b) defined contribution pension schemes to invest in illiquid assets.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	132376
answer	answer is ministerial correction date of answer 30/01/2023 answer text <p>DB schemes already can - and do - invest in illiquid assets. Illiquid investments make up around 10% of DB scheme assets.</p><p> </p><p>For DC schemes, regulatory changes planned for this spring will allow performance-based fees to be removed from the scope of the DC pension charge cap. This will make it easier for trustees to access a broader range of illiquid assets that could benefit savers. We confirmed our intention to introduce this reform in our response to the ‘broadening the investment opportunities of defined contribution schemes’ consultation published on 30 January, along with supporting statutory guidance to help trustees with their decision making regarding performance fees.</p><p> </p><p>Trustees in DB and DC have a fiduciary duty to make investments that are in the best interest of scheme members and need to ensure pension schemes have sufficient liquidity to pay pensions and other benefits under the scheme as they fall due.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 30/01/2023 16:53:00 answering member 4780 label Biography information for Laura Trott
tabling member	4244 label Biography information for Jonathan Ashworth

1580387

registered interest
date	24/01/2023
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, with reference to his Department's Automatic enrolment review 2017, what his Department's timeline is for publishing proposals to extend automatic enrolment in workplace pensions.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	131215
answer	answer is ministerial correction date of answer 30/01/2023 answer text <p>We remain committed to the implementation of the 2017 Review ambitions in the mid-2020s.</p> answering member constituency Sevenoaks answering member printed Laura Trott question first answered 30/01/2023 16:50:49 answering member 4780 label Biography information for Laura Trott
tabling member	4244 label Biography information for Jonathan Ashworth

1550273

registered interest
date	09/12/2022
answering body	Department for Work and Pensions
answering dept id	29
answering dept short name	Work and Pensions
answering dept sort name	Work and Pensions
hansard heading	Workplace Pensions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what recent discussions he has had with (a) ministerial colleagues and (b) stakeholders on extending (a) eligibility and (b) minimum contributions for automatic enrolment in workplace pensions.
tabling member constituency	Leicester South
tabling member printed	Jonathan Ashworth
uin	107097
answer	answer is ministerial correction date of answer 14/12/2022 answer text <p>We have been clear that the next step for Automatic Enrolment is the implementation of the 2017 Review measures in the mid-2020s. These measures will improve pension eligibility and contribution levels, in particular for low and medium earners.</p><p> </p><p>Alongside this, we are supporting better planning for retirement saving and financial well-being – Pensions dashboards will help individuals plan for later life.</p> answering member constituency Sevenoaks answering member printed Laura Trott grouped question UIN 107096 question first answered 14/12/2022 12:33:02 answering member 4780 label Biography information for Laura Trott
tabling member	4244 label Biography information for Jonathan Ashworth