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1002198
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
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 more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10751), what assessment they have made of the obligations on (1) employers, and (2) pension schemes to report failures to pay correct contributions, regardless of whether the errors are large or small; and whether there is a definition of what contributes a material error. more like this
tabling member printed
Baroness Altmann more like this
uin HL11219 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>Government has put in place a robust, proportionate, compliance framework for automatic enrolment which ensures that the vast majority of employers are meeting their legal duties, including: declaring compliance, accurately paying contributions and passing contributions to their chosen pension scheme. This framework is backed by statutory powers which enable the Regulator to compel compliance with the law.</p><p>Employers, trustees, managers and providers must keep records including details of the pension contributions payable in each relevant pay reference period by an employer to the scheme, and the amount payable. This includes the contributions due on the employer’s behalf and deductions made from an individual’s earnings.</p><p>The Pensions Regulator (TPR) has published codes of practice on its website setting out how trustees of defined contribution pension schemes and managers of personal pension schemes should monitor the payment of contributions, provide information to help members check their contributions and report material payment failures to TPR. The codes set out what is considered a material breach, specifically: paragraphs 173 and 174 of Code 3; paragraphs 46 and 47 of Code 5; paragraphs 48 and 49 of Code 6; and paragraphs 173 to 186 of Code 14.</p><p>In addition, TPR publishes regular assessments of its automatic enrolment compliance and enforcement activities as well as an annual commentary and analysis report, both of which are available on its website.</p>
answering member printed Baroness Buscombe more like this
grouped question UIN
HL11220 more like this
HL11221 more like this
HL11222 more like this
question first answered
less than 2018-11-12T16:59:44.703Zmore like thismore than 2018-11-12T16:59:44.703Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
4533
label Biography information for Baroness Altmann more like this
1002199
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
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 more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government what estimate they have made of the amount of auto-enrolment pension contributions which are incorrect. more like this
tabling member printed
Baroness Altmann more like this
uin HL11220 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>Government has put in place a robust, proportionate, compliance framework for automatic enrolment which ensures that the vast majority of employers are meeting their legal duties, including: declaring compliance, accurately paying contributions and passing contributions to their chosen pension scheme. This framework is backed by statutory powers which enable the Regulator to compel compliance with the law.</p><p>Employers, trustees, managers and providers must keep records including details of the pension contributions payable in each relevant pay reference period by an employer to the scheme, and the amount payable. This includes the contributions due on the employer’s behalf and deductions made from an individual’s earnings.</p><p>The Pensions Regulator (TPR) has published codes of practice on its website setting out how trustees of defined contribution pension schemes and managers of personal pension schemes should monitor the payment of contributions, provide information to help members check their contributions and report material payment failures to TPR. The codes set out what is considered a material breach, specifically: paragraphs 173 and 174 of Code 3; paragraphs 46 and 47 of Code 5; paragraphs 48 and 49 of Code 6; and paragraphs 173 to 186 of Code 14.</p><p>In addition, TPR publishes regular assessments of its automatic enrolment compliance and enforcement activities as well as an annual commentary and analysis report, both of which are available on its website.</p>
answering member printed Baroness Buscombe more like this
grouped question UIN
HL11219 more like this
HL11221 more like this
HL11222 more like this
question first answered
less than 2018-11-12T16:59:44.737Zmore like thismore than 2018-11-12T16:59:44.737Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
4533
label Biography information for Baroness Altmann more like this
1002200
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
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 more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government whether they intend to introduce reporting requirements to monitor accuracy of auto-enrolment pension contribution records on an annual basis; and if so, what those requirements will be. more like this
tabling member printed
Baroness Altmann more like this
uin HL11221 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>Government has put in place a robust, proportionate, compliance framework for automatic enrolment which ensures that the vast majority of employers are meeting their legal duties, including: declaring compliance, accurately paying contributions and passing contributions to their chosen pension scheme. This framework is backed by statutory powers which enable the Regulator to compel compliance with the law.</p><p>Employers, trustees, managers and providers must keep records including details of the pension contributions payable in each relevant pay reference period by an employer to the scheme, and the amount payable. This includes the contributions due on the employer’s behalf and deductions made from an individual’s earnings.</p><p>The Pensions Regulator (TPR) has published codes of practice on its website setting out how trustees of defined contribution pension schemes and managers of personal pension schemes should monitor the payment of contributions, provide information to help members check their contributions and report material payment failures to TPR. The codes set out what is considered a material breach, specifically: paragraphs 173 and 174 of Code 3; paragraphs 46 and 47 of Code 5; paragraphs 48 and 49 of Code 6; and paragraphs 173 to 186 of Code 14.</p><p>In addition, TPR publishes regular assessments of its automatic enrolment compliance and enforcement activities as well as an annual commentary and analysis report, both of which are available on its website.</p>
answering member printed Baroness Buscombe more like this
grouped question UIN
HL11219 more like this
HL11220 more like this
HL11222 more like this
question first answered
less than 2018-11-12T16:59:44.78Zmore like thismore than 2018-11-12T16:59:44.78Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
4533
label Biography information for Baroness Altmann more like this
1002201
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
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 more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government whether they intend to put procedures in place to (1) monitor error rates in auto-enrolment contribution records, and (2) assess the proportion of schemes which have taken steps to correct those errors. more like this
tabling member printed
Baroness Altmann more like this
uin HL11222 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-12more like thismore than 2018-11-12
answer text <p>Government has put in place a robust, proportionate, compliance framework for automatic enrolment which ensures that the vast majority of employers are meeting their legal duties, including: declaring compliance, accurately paying contributions and passing contributions to their chosen pension scheme. This framework is backed by statutory powers which enable the Regulator to compel compliance with the law.</p><p>Employers, trustees, managers and providers must keep records including details of the pension contributions payable in each relevant pay reference period by an employer to the scheme, and the amount payable. This includes the contributions due on the employer’s behalf and deductions made from an individual’s earnings.</p><p>The Pensions Regulator (TPR) has published codes of practice on its website setting out how trustees of defined contribution pension schemes and managers of personal pension schemes should monitor the payment of contributions, provide information to help members check their contributions and report material payment failures to TPR. The codes set out what is considered a material breach, specifically: paragraphs 173 and 174 of Code 3; paragraphs 46 and 47 of Code 5; paragraphs 48 and 49 of Code 6; and paragraphs 173 to 186 of Code 14.</p><p>In addition, TPR publishes regular assessments of its automatic enrolment compliance and enforcement activities as well as an annual commentary and analysis report, both of which are available on its website.</p>
answering member printed Baroness Buscombe more like this
grouped question UIN
HL11219 more like this
HL11220 more like this
HL11221 more like this
question first answered
less than 2018-11-12T16:59:44.8Zmore like thismore than 2018-11-12T16:59:44.8Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
4533
label Biography information for Baroness Altmann more like this
1002196
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Workplace Pensions: Tax Allowances more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by HMRC Real Time Information record, who earnt below £11,850 were contributing at work to a net pay pension scheme. more like this
tabling member printed
Baroness Altmann more like this
uin HL11217 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> more like this
answering member printed Lord Bates more like this
grouped question UIN HL11218 more like this
question first answered
less than 2018-11-19T16:21:02.893Zmore like thismore than 2018-11-19T16:21:02.893Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
4533
label Biography information for Baroness Altmann more like this
1002197
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Workplace Pensions: Tax Allowances more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government, further to the Written Answer by Baroness Buscombe on 31 October (HL10750), how many (1) women, and (2) men, recorded by the HMRC Real Time Information record, are contributing at work to a relief at source pension scheme. more like this
tabling member printed
Baroness Altmann more like this
uin HL11218 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>HMRC estimates that 1.2m individuals earning below the personal allowance in 2015/16 made workplace pension contributions, reported via Real Time Information (RTI), using net pay arrangements. Around 74% of these individuals are estimated to be female and 26% are estimated to be male.</p><p> </p><p>HMRC estimates that a total of 5.5m individuals made workplace pension contributions using relief at source, reported via RTI in 2015/16. Around 45% of these individuals are estimated to be female and 55% are estimated to be male.</p><p> </p><p>HMRC’s Survey of Personal Income (SPI) was used to estimate earnings for these individuals. The latest information available on individual earnings is published for 2015/16.</p><p> </p><p>The personal allowance in 2015/16 was £10,600, not £11,850, which is the current personal allowance for 2018-19.</p><p> </p><p>(Estimates are rounded to the nearest 100,000)</p> more like this
answering member printed Lord Bates more like this
grouped question UIN HL11217 more like this
question first answered
less than 2018-11-19T16:21:02.927Zmore like thismore than 2018-11-19T16:21:02.927Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
4533
label Biography information for Baroness Altmann more like this
1002211
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Banks: Finance more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government what assessment they have made of the European Banking Authority's recent analysis of the strength of UK banks in adverse scenarios. more like this
tabling member printed
Lord Birt more like this
uin HL11232 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>The Government supports the use of stress tests as a tool to ensure the ongoing resilience of the European Union’s banking sector. Well capitalised banks, under a robust regulatory framework, are better able to lend to the economy, supporting jobs and growth. A full response to the European Banking Authority’s (EBA) report has been published by the Bank of England (BoE). The BoE noted that the results of the latest EBA test confirmed the results of earlier BoE stress tests that the participating UK banks would be resilient to a severe economic and market stress. The BoE will publish the results for its next annual stress tests on 5 December.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-11-19T16:22:02.377Zmore like thismore than 2018-11-19T16:22:02.377Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
2533
label Biography information for Lord Birt more like this
1002244
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Overseas Loans: Republic of Ireland more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government how much they have loaned to the Republic of Ireland during the past decade; and of those loans, (1) what capital has been repaid, and (2) how much interest has been received. more like this
tabling member printed
Lord Kilclooney more like this
uin HL11265 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-21more like thismore than 2018-11-21
answer text <p>I refer the noble Lord to the most recent statutory report under section 2 of the Loans to Ireland Act 2010, which was laid in Parliament on 15 October 2018. The report shows that the outstanding principal is £3,226,960,000, with repayments due in tranches from 15 April 2019 until 26 March 2021. Interest payments have been paid twice-yearly since 15 December 2011 and payments received so far total £483,359,983.93. The government expects the loan to be repaid on time and in full.</p><p> </p><p>[1] The statutory report is available here: <a href="https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018" target="_blank">https://www.gov.uk/government/publications/report-under-section-2-of-the-loans-to-ireland-act-2010-1-april-2018-to-30-september-2018</a></p><p> </p><p> </p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-11-21T15:45:58.43Zmore like thismore than 2018-11-21T15:45:58.43Z
answering member
1091
label Biography information for Lord Bates more like this
attachment
1
file name Ireland_loan_statutory_report_September_2018_web.pdf more like this
title Loans to Ireland more like this
tabling member
657
label Biography information for Lord Kilclooney more like this
1002260
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Freezing of Assets: Burma more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government what is the value of the assets seized in the (1) UK, and (2) rest of the EU from the seven military and security personnel from Burma sanctioned by the EU on 25 June. more like this
tabling member printed
Baroness Nye more like this
uin HL11281 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>Her Majesty’s Treasury (HMT) is not responsible for the freezing of assets, neither does it hold them. The Office of Financial Sanctions Implementation (OFSI), which is part of HMT, ensures that financial sanctions are properly understood and implemented in the UK and it is for holders of assets subject to sanctions to ensure that they are frozen under the regulations.</p><p> </p><p>(1) OFSI undertakes an Annual Review of frozen assets in the UK, requiring all persons or institutions that hold or control frozen assets in the UK to report to OFSI. Details of assets reported to OFSI for the 2018 Review are still being compiled and are not yet available.</p><p> </p><p>(2) HM Treasury does not hold this information.</p> more like this
answering member printed Lord Bates more like this
question first answered
less than 2018-11-19T16:09:44.213Zmore like thismore than 2018-11-19T16:09:44.213Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
4180
label Biography information for Baroness Nye more like this
1002275
registered interest false more like this
date less than 2018-11-05more like thismore than 2018-11-05
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Exports more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty's Government what assessment they have made of the report by the Office for Budget Responsibility, Economic and fiscal outlook, published in October, which anticipates exports falling as a share of the overall economy in the next five years. more like this
tabling member printed
Lord Taylor of Warwick more like this
uin HL11296 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-19more like thismore than 2018-11-19
answer text <p>The Office for Budget Responsibility is independent of Ministers and any views published are their own.</p><p>Since November 2016, the OBR has not assumed any one particular outcome to EU exit negotiations but has based its forecasts on broad-brush assumptions regarding Brexit that are consistent with a range of possible outcomes, as well as judgements about the economy following the referendum.</p><p>In its October 2018 forecast, the OBR have included a two-year transition period. After this they assume leaving the EU will reduce trade intensity which affects both imports and exports with a broadly offsetting impact on net trade. In its latest forecast, the OBR also revised down its forecast for world trade growth, contributing to a downward revision in UK export market growth in the near term. These factors contribute to the decline in exports as a share of GDP.</p><p>Going forward, the Government will continue to provide support for UK exporters through the Department for International Trade by encouraging more businesses to export, providing information, advice and practical assistance on exporting, connecting UK businesses to overseas buyers, and putting finance at the heart of our offer through UK Export Finance.</p>
answering member printed Lord Bates more like this
question first answered
less than 2018-11-19T16:40:52.617Zmore like thismore than 2018-11-19T16:40:52.617Z
answering member
1091
label Biography information for Lord Bates more like this
tabling member
1796
label Biography information for Lord Taylor of Warwick more like this