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425303
registered interest false more like this
date less than 2015-11-02more like thismore than 2015-11-02
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Insolvency more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, what recent assessment he has made of the effect on (a) businesses affected by pre-pack insolvencies and (b) employees of such businesses of such insolvencies. more like this
tabling member constituency Sefton Central remove filter
tabling member printed
Bill Esterson more like this
uin 14312 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <br /><p>The University of Wolverhampton undertook research as part of Teresa Graham’s June 2014 review into pre-pack administrations. This found that returns to creditors from a pre-pack were slightly lower than from non pre-packed administrations.</p><br /><p>The report also found that in about 60% of pre-pack deals all jobs were saved, and in a further 10% some jobs were saved. No data is available on the impact of the insolvency on employment at creditors of the company.</p><br /><p>A voluntary package of reforms to pre-packs, as recommended by the Graham review, was launched on 2 November with support from the insolvency industry and creditor groups. The reforms are intended to bring greater transparency and improved creditor confidence in pre-packs, and especially those in which sales are to connected parties.</p><p><strong></strong></p> more like this
answering member constituency Broxtowe more like this
answering member printed Anna Soubry more like this
question first answered
less than 2015-11-05T13:58:16.317Zmore like thismore than 2015-11-05T13:58:16.317Z
answering member
3938
label Biography information for Anna Soubry more like this
tabling member
4061
label Biography information for Bill Esterson more like this
425498
registered interest false more like this
date less than 2015-11-02more like thismore than 2015-11-02
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Workplace Pensions: Small Businesses more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, what support his Department has given to micro-businesses in adapting to new automatic enrolment pension schemes. more like this
tabling member constituency Sefton Central remove filter
tabling member printed
Bill Esterson more like this
uin 14316 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>We are committed to supporting small and micro-businesses to adapt to their new automatic enrolment duties. Together with The Pensions Regulator, we have launched a new broadcast-led communications campaign to raise awareness of automatic enrolment amongst small employers.</p><p>The Pensions Regulator has also recently launched a new interactive and simplified online step by step guide to automatic enrolment, designed to meet the specific needs of employers who may not have pensions experience, including those with just one or two staff. Employers using the website can access tailored information relevant to their circumstances. The Pensions Regulator also provides online content for business advisers who play an important role in supporting smaller employers to meet their legal duties. To raise awareness and understanding, the Regulator has had over 500 meetings with intermediary firms and spoken at over 300 events around the UK during the last year</p><p>The Regulator sends a series of letters to every employer starting at least 12 months before their staging date, which is the date that the law applies to them. These letters set out what an employer needs to do and by when to comply with the law and signposts to the relevant information on the Regulator’s website.</p><p>To help employers adjust to the costs of automatic enrolment the minimum employer contribution level starts at 1% and increases gradually to 3% by October 2018. In addition, to ensure that all firms have access to quality, low-cost pension provision, The National Employment Savings Trust (NEST) was established by the Government and has a public service obligation to accept any employer that chooses NEST for automatic enrolment.</p>
answering member constituency North Swindon more like this
answering member printed Justin Tomlinson more like this
grouped question UIN 14445 more like this
question first answered
less than 2015-11-05T15:05:46.257Zmore like thismore than 2015-11-05T15:05:46.257Z
answering member
4105
label Biography information for Justin Tomlinson more like this
tabling member
4061
label Biography information for Bill Esterson more like this
425499
registered interest false more like this
date less than 2015-11-02more like thismore than 2015-11-02
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading Workplace Pensions: Small Businesses more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential effect of his proposals for automatic enrolment of employees in pension schemes on businesses with fewer than 10 employees. more like this
tabling member constituency Sefton Central remove filter
tabling member printed
Bill Esterson more like this
uin 14313 more like this
answer
answer
is ministerial correction false more like this
date of answer remove filter
answer text <p>In 2010 the independent Making Automatic Enrolment Work (MAEW) review considered the impact of automatic enrolment on small and micro businesses. DWP’s impact assessments and on-going evaluation of Automatic Enrolment continue to monitor the costs and benefits of automatic enrolment on small businesses, including those with fewer than 10 employees.</p><br /><p>DWP’s evaluation reports and impact assessments are all available online.</p> more like this
answering member constituency North Swindon more like this
answering member printed Justin Tomlinson more like this
question first answered
less than 2015-11-05T14:06:41.217Zmore like thismore than 2015-11-05T14:06:41.217Z
answering member
4105
label Biography information for Justin Tomlinson more like this
tabling member
4061
label Biography information for Bill Esterson more like this