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1129712

	registered interest
	date	04/06/2019
	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: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what recent assessment she has made of the effect of auto-enrolment on charging levels in the pensions sector.
	tabling member constituency	Wallasey
	tabling member printed	Ms Angela Eagle
	uin	259885
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>DWP’s latest pension charges survey, published in October 2017, found that most schemes charge between 0.38 and 0.54% depending on the type of pension. This is well within the 0.75% charge cap which applies to the default fund of pension schemes used for automatic enrolment.</p><p>The October 2017 charges survey can be found here:</p><p><a href="https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/652086/pension-charges-survey-2016-charges-in-defined-contribution-pension-schemes.pdf" target="_blank">https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/652086/pension-charges-survey-2016-charges-in-defined-contribution-pension-schemes.pdf</a></p><p>This matter is always kept under review.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 11/06/2019 16:46:18 answering member 4142 label Biography information for Guy Opperman
	tabling member	491 label Biography information for Dame Angela Eagle

1130746

	registered interest
	date	07/06/2019
	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	State Retirement Pensions: Females
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, how many women born in the 1950s and affected by the change of the state pension age received less than five years notice of that change.
	tabling member constituency	Bishop Auckland
	tabling member printed	Helen Goodman
	uin	261488
	answer	answer is ministerial correction date of answer 12/06/2019 answer text <p>The Pensions Acts of 1995, 2007 and 2011 were fully debated in Parliament. The government undertook wide public consultation before the passage of the Acts. This included publishing Green and White Papers. The passage of the Acts and the changes they brought in were widely reported in the media throughout this period.</p><p> </p><p>The changes to State Pension age that the Pensions Act 1995 brought in started to come into effect from April 2010 giving a notice period of at least 15 years for those changes.</p><p> </p><p>In addition, the DWP and others took extensive steps in the years following the 1995 Act to further communicate the changes to women born in the 1950s, as well as all others affected, by means such as leaflets, State Pension forecasts, media articles and personal letters.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 12/06/2019 16:33:16 answering member 4142 label Biography information for Guy Opperman
	tabling member	1484 label Biography information for Helen Goodman

1129770

	registered interest
	date	04/06/2019
	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	Post Office: Pilot Schemes
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, when the pilot services run by Post Office Ltd to (a) verify identities for the National Insurance application process, (b) support job seekers in rural areas, and (c) verify supporting documents for customers of the pension scheme, (a) started, (b) will finish; and what the cost to the public purse has been of those pilots.
	tabling member constituency	Motherwell and Wishaw
	tabling member printed	Marion Fellows
	uin	260048
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>While the Government sets the strategic direction for the Post Office, it has the freedom to deliver its strategy as an independent business. Therefore, this issue is an operational matter for Post Office Limited.</p><p>However, BEIS Ministers and officials do engage regularly with representatives of Post Office Limited on a range of strategic issues of mutual interest.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 11/06/2019 14:16:00 answering member 4142 label Biography information for Guy Opperman
	tabling member	4440 label Biography information for Marion Fellows

1129800

	registered interest
	date	04/06/2019
	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	Post Office Card Account
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, how much her Department has paid into Post Office card accounts in each of the last five years.
	tabling member constituency	Motherwell and Wishaw
	tabling member printed	Marion Fellows
	uin	260060
	answer	answer is ministerial correction date of answer 12/06/2019 answer text <p>The figures for the amount paid into Post Office card accounts for the last five financial years are as follows:</p><p> </p><table><tbody><tr><td><p>Financial Year</p></td><td><p>Monies Paid in by DWP</p></td></tr><tr><td><p>2014-2015</p></td><td><p>£17,333,287,535.11</p></td></tr><tr><td><p>2015-2016</p></td><td><p>£16,228,823,143.88</p></td></tr><tr><td><p>2016-2017</p></td><td><p>£14,141,533,797.78</p></td></tr><tr><td><p>2017-2018</p></td><td><p>£12,047,638,556.85</p></td></tr><tr><td><p>2018-2019</p></td><td><p>£9,515,393,806.89</p></td></tr></tbody></table> answering member constituency Hexham answering member printed Guy Opperman question first answered 12/06/2019 16:40:25 answering member 4142 label Biography information for Guy Opperman
	tabling member	4440 label Biography information for Marion Fellows

1130009

	registered interest
	date	05/06/2019
	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	Pensions: Local Government
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what discussions she has had with the Secretary of State for Housing, Communities and Local Government on encouraging local government pensions funds to divest from carbon-intensive industries and fossil fuels.
	tabling member constituency	Dulwich and West Norwood
	tabling member printed	Helen Hayes
	uin	260694
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>The DWP has regular discussions with the Secretary of State for Housing, Communities and Local Government. However, much like with trustees of occupational pension schemes, the local pension committees of the individual Local Government Pension Funds are responsible for their own investment decisions.</p><p> </p><p>As I said during the Westminster Hall debate regarding Pension Funds: Financial and Ethical Investments on the 22 May 2019:</p><p><strong> </strong></p><p>“For too long there has been a perception by too many trustees -I am happy to clarify this as a Government Minister- that the environmental practices of the firms they invest in are purely ethical concerns, which they do not need to worry about: that is utterly wrong. Aside from the ethical considerations, there are real financial risks resulting from climate change. With the long-term horizons of pension investing, trustees must now consider that when they set out their investment strategies. Trustees who do not consider those matters will be breaching their statutory and potentially their fiduciary duties not only to current but future members.”</p><p> </p><p>The full debate can be viewed here:</p><p><a href="https://hansard.parliament.uk/commons/2019-05-22/debates/D3194408-7581-4635-AEDC-6D22AD6F0EBC/PensionFundsFinancialAndEthicalInvestments" target="_blank">https://hansard.parliament.uk/commons/2019-05-22/debates/D3194408-7581-4635-AEDC-6D22AD6F0EBC/PensionFundsFinancialAndEthicalInvestments</a></p> answering member constituency Hexham answering member printed Guy Opperman question first answered 11/06/2019 17:01:01 answering member 4142 label Biography information for Guy Opperman
	tabling member	4510 label Biography information for Helen Hayes

1129713

	registered interest
	date	04/06/2019
	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	Pensions: Fees and Charges
	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 she has had with the pensions sector on increasing transparency in respect of charge cap levels.
	tabling member constituency	Wallasey
	tabling member printed	Ms Angela Eagle
	uin	259886
	answer	answer is ministerial correction date of answer 12/06/2019 answer text <p>When the charge cap was introduced in 2015, DWP produced guidance for trustees on how to comply. Since this time DWP officials have met regularly with pension schemes and their service providers. As a result of this engagement DWP consulted earlier this year on an update to the charge cap guidance to provide more clarity for trustees on how to calculate charges.</p><p>The consultation can be found in chapter 5 in the link below:</p><p><a href="https://www.gov.uk/government/consultations/defined-contribution-pensions-investments-and-consolidation" target="_blank">https://www.gov.uk/government/consultations/defined-contribution-pensions-investments-and-consolidation</a></p><p>We are currently considering the feedback.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 12/06/2019 13:52:28 answering member 4142 label Biography information for Guy Opperman
	tabling member	491 label Biography information for Dame Angela Eagle

1129714

	registered interest
	date	04/06/2019
	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	Pensions: Fees and Charges
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what recent assessment she has made of consumer understanding of pension product charge cap levels.
	tabling member constituency	Wallasey
	tabling member printed	Ms Angela Eagle
	uin	259887
	answer	answer is ministerial correction date of answer 12/06/2019 answer text <p>In February 2018 the DWP laid regulations to require trustees of occupational defined contribution schemes to publish their charges and costs annually online, and to tell members via their annual benefit statement where this information is available. There is no specific consumer survey but the charge cap holds charges down.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 12/06/2019 15:15:58 answering member 4142 label Biography information for Guy Opperman
	tabling member	491 label Biography information for Dame Angela Eagle

1129990

	registered interest
	date	05/06/2019
	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	Pensions: Consumer Information
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what steps she is taking to ensure that consumers' state pension information is available on the pensions dashboard.
	tabling member constituency	Wallasey
	tabling member printed	Ms Angela Eagle
	uin	260557
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Pension dashboards are digital interfaces that will allow individuals to see their pensions savings, including their state pension information online in one place to assist them with their retirement planning.</p><p>At Budget 2018, we committed to providing state pension information via dashboards and we are working with HM Revenue &amp; Customs to make this happen at the earliest possible opportunity.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 11/06/2019 16:58:07 answering member 4142 label Biography information for Guy Opperman
	tabling member	491 label Biography information for Dame Angela Eagle

1129991

	registered interest
	date	05/06/2019
	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	Pensions: Consumer Information
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, whether she plans to make it compulsory for pension providers to give their data to the pensions dashboard.
	tabling member constituency	Wallasey
	tabling member printed	Ms Angela Eagle
	uin	260558
	answer	answer is ministerial correction date of answer 11/06/2019 answer text <p>Yes.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 11/06/2019 12:10:50 answering member 4142 label Biography information for Guy Opperman
	tabling member	491 label Biography information for Dame Angela Eagle

1131014

	registered interest
	date	10/06/2019
	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	Pensions: Consumer Information
	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 the Association of British Insurer's report: Principles for tailoring retirement risk warnings, published in May 2019, what assessment she has made of the potential merits of ensuring that age-appropriate warnings are provided when information is given on (a) pension scams, (b) employer contributions in relation to pensions, (c) tax matters in relation to pensions, (c) life expectancy in relation to financial planning and (d) lasting power of attorney in relation to financial and health matters.
	tabling member constituency	Newcastle-under-Lyme
	tabling member printed	Paul Farrelly
	uin	262270
	answer	answer is ministerial correction date of answer 13/06/2019 answer text <p>The Department for Work and Pensions has engaged with the Financial Conduct Authority on their proposals to improve the information received by pension scheme members. The department is working with the Pension Regulator as to how best to introduce equivalent measures for occupational pension schemes and will also seek to involve industry stakeholders such as the Association of British Insurers in this work.</p><p /><p>The Government considers that providing people with the right information at the right time can be key in helping them make more effective decisions about their pension savings. It is sensible to tailor communications to people’s circumstances. There will be some differences in the information someone in work would find more helpful than someone aged 75 or over who is already retired. It is important, however, that all savers are alerted to the risks posed by pension scams and we welcome the inclusion of that messaging in the approach proposed by the Association of British Insurers.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 13/06/2019 10:57:04 answering member 4142 label Biography information for Guy Opperman
	tabling member	1436 label Biography information for Paul Farrelly