Linked Data API

Show Search Form

Search Results

1002137
star this property registered interest false remove filter
star this property date less than 2018-11-05more like thismore than 2018-11-05
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 more like this
star this property hansard heading Pensions: Consumer Information 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 progress her Department has made on proposed verification and security measures for individual users of the proposed Pensions Dashboard. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 188089 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-12more like thismore than 2018-11-12
star this property 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> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2018-11-12T12:45:41.06Zmore like thisremove minimum value filter
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1105288
star this property registered interest false remove filter
star this property date less than 2019-03-26more like thismore than 2019-03-26
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 more like this
star this property hansard heading Pensions: Advisory Services 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 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. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 237080 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-04-02more like thismore than 2019-04-02
star this property 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> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-04-02T16:28:51.133Zmore like thismore than 2019-04-02T16:28:51.133Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1140545
star this property registered interest false remove filter
star this property date less than 2019-07-19more like thismore than 2019-07-19
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 more like this
star this property hansard heading Workplace Pensions 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 plans his Department has to tackle the use of shape shifting practices by employers to avoid meeting pension obligations to employees; and if he will make a statement . more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 279430 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-08-01more like thismore than 2019-08-01
star this property answer text <p>The vast majority of employers are meeting their pension obligations under automatic enrolment, consistent with the legal framework established under the Pensions Act 2008. Where employers fail to comply with the law however, The Pensions Regulator (TPR) has a full range of powers to ensure employees get the pensions they are due.</p><p>TPR is aware of some employers that appear to have tried to avoid meeting their pension obligations by hiding behind a new name. TPR investigators are working to take action against offenders that try to use this tactic, and are carrying out short-notice inspections on employers that are suspected of breaching their automatic enrolment duties.</p> more like this
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2019-08-01T09:10:06.667Zmore like thismore than 2019-08-01T09:10:06.667Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this
1174411
star this property registered interest false remove filter
star this property date less than 2020-01-29more like thismore than 2020-01-29
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 more like this
star this property hansard heading Pensions 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, whether there are provisions to transfer out of defined benefit pension schemes into alternative investments in Pension Schemes Bill. more like this
star this property tabling member constituency Blaenau Gwent remove filter
star this property tabling member printed
Nick Smith remove filter
unstar this property uin 9644 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2020-02-05more like thismore than 2020-02-05
star this property answer text <p>In answering this question, the term ‘alternative investments’ is assumed to refer to investments that the individual chooses themselves, either that are unconventional in that they carry more risk, or are not typical of investments offered by personal pension schemes.</p><p> </p><p>The Pension Schemes Bill 2019-20 has no provisions that restrict how members transferring from defined benefits pensions should invest their pension rights.</p><p> </p><p>Clause 124 of the Pension Schemes Bill contains provisions to amend the statutory right to transfer and thereby restricts the types of pension arrangements under which a member can compel trustees to approve a transfer request. Members can still use their statutory right to transfer to an authorised Master Trust or an FCA authorised pension arrangement.</p><p> </p><p>In accordance with the principles of freedom and choice, members with defined benefit pension rights have the right to transfer to a defined contribution scheme to self-invest. These self-invested personal pension schemes can offer the member a range of investment funds, including alternative investments.</p><p> </p><p>Members with a cash equivalent greater than £30,000 must seek financial advice before they transfer or convert their pension rights into flexible benefits, that can be used for alternative investments. FCA rules for pension transfer advisers require that the form of investment the member is considering on transfer is considered as part of their recommendation to the member to transfer or not. However, the member retains the right to follow or ignore the advice they receive. Where trustees’ have concerns with the alternative investments in a members’ choice of destination, they should make the member aware as part of their overall requirement to carry out due diligence in the member’s interest.</p><p><strong> </strong></p>
star this property answering member constituency Hexham remove filter
star this property answering member printed Guy Opperman more like this
star this property question first answered
less than 2020-02-05T11:23:24.9Zmore like thismore than 2020-02-05T11:23:24.9Z
star this property answering member
4142
star this property label Biography information for Guy Opperman more like this
unstar this property tabling member
3928
unstar this property label Biography information for Nick Smith more like this