Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member constituency
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member constituency answering member printed grouped question UIN question first answered answering member label
tabling member	label

Search

1105288

	registered interest
	date	26/03/2019
	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: Advisory Services
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what assessment she has made of the level of coordination between the Pensions Regulator and the Financial Conduct Authority in relation to defined benefit pension transfer advice.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	237080
	answer	answer is ministerial correction date of answer 02/04/2019 answer text <p>The DWP are urging the two organisations to work much more closely together. The Pension’s Regulator and the Financial Conduct Authority carry out their functions independently. The Pension’s Regulator launched a joint protocol with Financial Conduct Authority in January 2019. The Protocol is intended to improve coordination between the Financial Conduct Authority, The Pension’s Regulator and the Pensions Advisory Service to help pension scheme trustees to ensure their members are adequately and fully informed when considering transferring their defined benefit pensions.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 02/04/2019 16:28:51 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

1002135

	registered interest
	date	05/11/2018
	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 Regulator: Risk Assessment
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, when she plans to bring forward legislative proposals to enhance the moral hazard powers of the Pensions Regulator.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	188087
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>We have announced in the White Paper, <em>Protecting Defined Benefit Pension Schemes, </em>that we intend to introduce a stand-alone interview power and enhanced inspection powers to enable the Pensions Regulator to conduct its investigations in a more efficient way.</p><p> </p><p>The Government’s recent consultation on a stronger Pensions Regulator asked for views on proposals to strengthen the Pensions Regulator’s powers, including specifically enhancing its anti-avoidance powers, which deal with moral hazard. We are considering the responses and hope to publish our conclusions shortly, with a view to taking forward any necessary legislation in due course.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 188088 question first answered 12/11/2018 12:41:52 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

1002136

	registered interest
	date	05/11/2018
	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 Regulator: Powers
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, if she will bring forward legislative proposals to enhance the (a) information-gathering and (b) anti-avoidance powers of the Pensions Regulator.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	188088
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>We have announced in the White Paper, <em>Protecting Defined Benefit Pension Schemes, </em>that we intend to introduce a stand-alone interview power and enhanced inspection powers to enable the Pensions Regulator to conduct its investigations in a more efficient way.</p><p> </p><p>The Government’s recent consultation on a stronger Pensions Regulator asked for views on proposals to strengthen the Pensions Regulator’s powers, including specifically enhancing its anti-avoidance powers, which deal with moral hazard. We are considering the responses and hope to publish our conclusions shortly, with a view to taking forward any necessary legislation in due course.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 188087 question first answered 12/11/2018 12:41:52 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

1002137

	registered interest
	date	05/11/2018
	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 progress her Department has made on proposed verification and security measures for individual users of the proposed Pensions Dashboard.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	188089
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>On Tuesday 4 September 2018, I published a written statement providing an update on pensions including the pensions dashboard. This statement can be found here: <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-09-04/HCWS933/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-09-04/HCWS933/</a></p><p><strong> </strong></p><p>An industry-led Dashboard, facilitated by Government, will harness the best of industry innovation. We will continue to engage with industry, consumer groups and other stakeholders on this model and Government will protect pension savers and personal information by legislating where necessary.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 12/11/2018 12:45:41 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

1002138

	registered interest
	date	05/11/2018
	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 the participation of pension schemes in the Pensions Dashboard will be compulsory.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	188090
	answer	answer is ministerial correction date of answer 12/11/2018 answer text <p>As set out in the Autumn Budget, DWP will consult on the detailed design for pensions dashboards, and on how an industry-led approach could harness innovation while protecting consumers. As part of the consultation, due to be published shortly, the Department will explore how to maximise the participation of pension schemes.</p> answering member constituency Hexham answering member printed Guy Opperman question first answered 12/11/2018 12:44:09 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

911261

	registered interest
	date	24/05/2018
	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	Pension Protection Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, whether her Department plans to increase the level of compensation payable by the Pension Protection Fund.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	147872
	answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p> </p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 147873 147874 question first answered 04/06/2018 10:53:51 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

911262

	registered interest
	date	24/05/2018
	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	Pension Protection Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what assessment she has made of the potential merits of providing inflation-linked increases to the amounts payable by the Pension Protection Fund to people with pre-April 1997 pensionable service.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	147873
	answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p> </p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 147872 147874 question first answered 04/06/2018 10:53:51 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

911263

	registered interest
	date	24/05/2018
	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	Pension Protection Fund
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what estimate she has made of the cost of extending inflation-linked increases to the amounts payable by the Pension Protection Fund to people with pre-April 1997 pensionable service.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	147874
	answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>The Labour government set up the Pension Protection Fund (PPF) to pay a meaningful level of compensation to DB scheme members where the sponsoring employer becomes insolvent.</p><p> </p><p>The PPF is fundamentally funded by a levy on eligible schemes. Therefore, any decision to increase either the level of compensation, or to provide inflation increases to pensions built up before April 1997, would result in significant increases to levy payers. It is not proposed to change the present law.</p> answering member constituency Hexham answering member printed Guy Opperman grouped question UIN 147872 147873 question first answered 04/06/2018 10:53:51 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith

781345

	registered interest
	date	31/10/2017
	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	Social Security Benefits: Pensions
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Work and Pensions, what information his Department holds on the number of people receiving benefits due to expending their personal pension in the most recent period for which information is available.
	tabling member constituency	Blaenau Gwent
	tabling member printed	Nick Smith
	uin	110541
	answer	answer is ministerial correction date of answer 06/11/2017 answer text <p>The information requested is not available.</p><p> </p><p>Under the pension freedoms people with defined contribution pensions are able to draw capital or an income from their pensions from 55 years of age. If they do so, this will be taken into account in the assessment of their benefits entitlement. There are safeguards in place to deter people from deliberately spending their pension income in order to gain benefits.</p><p> </p><p> </p> answering member constituency Hexham answering member printed Guy Opperman question first answered 06/11/2017 14:43:39 answering member 4142 label Biography information for Guy Opperman
	tabling member	3928 label Biography information for Nick Smith