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registered interest false more like this
date less than 2018-12-10more like thismore than 2018-12-10
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 remove filter
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 have any plans to ask the Pensions Regulator to require regular reconciliation and reporting on accuracy of auto-enrolment pensions data. more like this
tabling member printed
Baroness Altmann more like this
uin HL12123 more like this
answer
answer
is ministerial correction false remove filter
date of answer less than 2018-12-18more like thismore than 2018-12-18
answer text <p>Automatic enrolment has been a great success, with over 9.9 million employees enrolled and more than 1.3 million employers having met their duties to date. Government has put in place a robust, proportionate compliance framework. This is administered by The Pensions Regulator, and includes detailed regulatory guidance about how to comply with the law. An employer is required to select a qualifying pension scheme; enrol qualifying staff into that scheme, and deduct any contributions payable under automatic enrolment.</p><p> </p><p>Qualifying pension schemes for automatic enrolment are subject to the same regulatory framework as all trust-based workplace pension schemes, also overseen by The Pensions Regulator. The Regulator 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 the Regulator.</p><p> </p><p>The regulatory regime is designed so that errors can be identified and material failures can be reported, the Regulator can then require restitution; and, where necessary, make use of its enforcement powers. The Government keeps all aspects of automatic enrolment under regular review but has no plans to make changes to the compliance framework at this time.</p>
answering member printed Baroness Buscombe more like this
question first answered
less than 2018-12-18T16:48:51.2Zmore like thismore than 2018-12-18T16:48:51.2Z
answering member
3349
label Biography information for Baroness Buscombe more like this
tabling member
4533
label Biography information for Baroness Altmann more like this