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1147257
star this property registered interest false remove filter
star this property date less than 2019-09-30more like thismore than 2019-09-30
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 remove filter
star this property hansard heading Pension Funds 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 steps her Department is taking to ensure pension funds consider the impact of climate change when taking investment decisions. more like this
star this property tabling member constituency Crawley more like this
star this property tabling member printed
Henry Smith remove filter
star this property uin 292199 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-10-07more like thismore than 2019-10-07
star this property answer text <p>The Government recognises that climate change is a defining national and international emergency, and we have introduced three key measures to ensure that pension schemes understand their responsibilities in responding to it.</p><p> </p><p>Firstly, since January 2019 those running single employer occupational pension schemes have been required to establish an effective system of governance including consideration of environmental, social and governance factors related to investment assets in investment decisions.</p><p> </p><p>Secondly, also since January 2019 schemes with 100 or more members must carry out and document a risk assessment of their system of governance including risks relating to climate change, the use of resources and the environment and risks relating to the depreciation of assets as a result of regulatory change (known as transition risk).</p><p> </p><p>Thirdly, as of 1st October, trustees of occupational pension schemes must state their policy on how they take account of the financial risks of climate change when developing their investment strategies. Defined contribution pension schemes are also required to publish their policy online.</p><p> </p><p>As the Minister for Pensions and Financial Inclusion I have spoken extensively about the new requirements and made clear this Government’s expectations of pension schemes.</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
less than 2019-10-07T11:42:36.817Zmore like thismore than 2019-10-07T11:42:36.817Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
star this property tabling member
3960
unstar this property label Biography information for Henry Smith more like this
1133709
star this property registered interest false remove filter
star this property date less than 2019-06-20more like thismore than 2019-06-20
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 remove filter
star this property hansard heading Universal Credit 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 steps she is taking to increase financial support for vulnerable claimants of universal credit to ensure that the amount of benefit they receive is not lower than what they received through the legacy system. more like this
star this property tabling member constituency Crawley more like this
star this property tabling member printed
Henry Smith remove filter
star this property uin 267340 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-06-28more like thismore than 2019-06-28
star this property answer text <p>Claimants currently only move from existing benefits to Universal Credit when they experience a significant change in their circumstances that triggers a new claim to a benefit that Universal Credit replaces. Their entitlement is then calculated on the rules of their new benefit and their new circumstances.</p><p> </p><p>For those claimants who are moved onto Universal Credit without a change in their circumstances, the Department has committed to providing transitional protection to ensure that they see no decrease in their benefit entitlement at the point of transition.</p><p> </p><p>There are £2.4 billion of unclaimed legacy benefits not going to the people who need them, because they do not know that they are entitled to them or how to claim. Universal Credit makes sure that welfare payments reach those who need them most.</p><p> </p><p>We have also introduced a number of measures to assist claimants during their transition to Universal Credit. Claimants moving onto Universal Credit can access a Universal Credit advance, which is worth up to 100 per cent of their indicative award and is available from the date of their claim. This advance is currently repayable over 12 months, but as announced in the 2018 Budget, from October 2021 the maximum repayment period will be extended to 16 months. Claimants may also be entitled to a two-week Universal Credit Transitional Housing Payment. From July 2020 the Government is introducing a new two-week run on for income-related Employment and Support Allowance, Income Support and income-based Jobseeker’s Allowance, Income Support and income-based Jobseeker’s Allowance.</p>
star this property answering member constituency Reading West more like this
star this property answering member printed Alok Sharma more like this
star this property question first answered
less than 2019-06-28T10:09:01.17Zmore like thismore than 2019-06-28T10:09:01.17Z
star this property answering member
4014
star this property label Biography information for Alok Sharma more like this
star this property tabling member
3960
unstar this property label Biography information for Henry Smith more like this