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1650124

registered interest
date	04/07/2023
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
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government under what statutory provisions they have powers to legislate (1) to require occupational pension schemes to report on their impacts on water, circular economy, pollution and biodiversity, and (2) to clarify occupational pension schemes’ fiduciary duties.
tabling member printed	Baroness Hayman
uin	HL9028
answer	answer is ministerial correction date of answer 17/07/2023 answer text <p>The Government already requires occupational pension schemes over a certain size to report in line with the Taskforce on Climate-related Financial Disclosures recommendations.</p><p> </p><p>With regards to fiduciary duties, The Pension Regulator already provides guidance setting out that climate-related risks should be managed alongside other risks that trustees consider as part of their fiduciary duties.</p> answering member printed Viscount Younger of Leckie question first answered 17/07/2023 13:56:45 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	1649 label Biography information for Baroness Hayman

1612586

registered interest
date	19/04/2023
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
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what estimate they have made of the number of (1) men, and (2) women, who earn less than £12,570 in any one job, who are members of auto-enrolment workplace pension schemes which operate on a Net Pay basis.
tabling member printed	Baroness Altmann
uin	HL7260
answer	answer is ministerial correction date of answer 03/05/2023 answer text <p>DWP do not hold this data.</p><p> </p><p>A policy paper has been published showing the number of people who save into an occupational pension under net pay arrangements whose taxable pay is below the personal allowance is estimated to be 1.2 million in 2026-27. In 2023/24, the Personal Allowance is £12,570.</p><p> </p><p>Women are estimated to make up 75% of those earning below the personal allowance and contributing to a pension scheme that uses net pay arrangements. The 1.2 million can therefore be broken down into around 0.3 million men and 0.9 million women.</p><p> </p><p>Notes:</p><ul><li>These figures were produced for accrual in 2026-27 and the Personal Allowance at the time was not set to £12,570 in that tax year.</li><li>These figures look at total pay across jobs and less contributions to Net Pay Arrangements, so it is possible that someone with total earnings above the Personal Allowance is included because removing their Net Pay Arrangement contributions takes them below the Personal Allowance or someone earns less than the Personal Allowance in a single job but their pay across jobs takes them above the Personal Allowance.</li><li>These figures were produced for the Autumn Budget 2021 fiscal event using the 2018-19 SPI projected using Autumn Budget 2021 OBR determinants.</li><li>Further detail can be found at the source which is linked below.</li></ul><p> </p><p>Source: <a href="https://www.gov.uk/government/publications/low-earners-anomaly-pensions-relief-relating-to-net-pay-arrangements/pensions-relief-relating-to-net-pay-arrangements" target="_blank">Pensions relief relating to net pay arrangements - GOV.UK (www.gov.uk)</a></p> answering member printed Viscount Younger of Leckie question first answered 03/05/2023 11:38:17 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	4533 label Biography information for Baroness Altmann

1585188

registered interest
date	07/02/2023
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
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what plans they have, if any, to automatically enrol workers who are (1) low paid, or (2) aged under 22, into a workplace pension scheme, given the increased cost of living.
tabling member printed	Lord Taylor of Warwick
uin	HL5528
answer	answer is ministerial correction date of answer 21/02/2023 answer text <p>The 2017 Review of Automatic Enrolment (AE) sets out our ambition to remove the Lower Earnings Limit so that pension contributions are payable from the first pound of earnings and reduce the qualifying age for AE to 18. This will help young people and lower earners, including many women, to build financial resilience through generating more meaningful retirement savings.</p><p>We remain committed to the implementation of the 2017 Review ambitions in the mid-2020s.</p><p>We have always been clear that changes to the AE framework would be made in a way and at a time that is affordable, balancing the needs of savers, employers and taxpayers.</p><p> </p> answering member printed Viscount Younger of Leckie question first answered 21/02/2023 11:51:06 answering member 4169 label Biography information for Viscount Younger of Leckie
tabling member	1796 label Biography information for Lord Taylor of Warwick