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 question first answered answering member label
tabling member	label

Search

170548

registered interest
date	15/12/2014
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	Written Questions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what estimate he has made of the savings to his Department from the Q&A system in the (a) 12 months and (b) five years since 4 June 2014; what additional ICT systems or improvements to existing systems his Department has introduced or plans to introduce that would not have been feasible without the Q&A system; and what assessment he has made of the extent to which the system has made it easier to answer questions from hon. Members on time.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	218795
answer	answer is ministerial correction date of answer 05/01/2015 answer text <p /> <p>No estimate has been made of savings arising from the introduction of the Q&amp;A system. The introduction of the Q&amp;A system has had no impact on existing or planned ICT systems.</p><p> </p><p>One of the benefits of the new system is the possibility for the reporting of the timeliness of answers to Parliamentary Questions to be delivered with greater consistency and accuracy across all answering bodies. It will be for the Procedure Committee to evaluate the effectiveness of the new system in improving performance when it assesses the evidence following the end of the session.</p> answering member constituency Wirral West answering member printed Esther McVey question first answered 05/01/2015 14:07:04 answering member 4084 label Biography information for Esther McVey
tabling member	4124 label Biography information for Chi Onwurah

63003

registered interest
date	19/06/2014
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	Written Questions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, how many parliamentary questions tabled to his Department in the last parliamentary session did not receive a substantive answer by the time of the 2014 prorogation; and when each such question was first tabled.
tabling member constituency	Plymouth, Moor View
tabling member printed	Alison Seabeck
uin	201548
answer	answer is ministerial correction date of answer 26/06/2014 answer text <p /> <p /> <p>The Department provided substantive answers to all parliamentary questions in the 2013-14 parliamentary Session.</p> answering member constituency Wirral West answering member printed Esther McVey question first answered 26/06/2014 14:35:52 answering member 4084 label Biography information for Esther McVey
tabling member	1552 label Biography information for Alison Seabeck

90882

registered interest
date	05/09/2014
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	Written Questions
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what proportion of named day written questions were answered by his Department within the prescribed period in the (a) 2012-13 session, (b) 2013-14 session and (c) 2014-15 session to date.
tabling member constituency	Leeds Central
tabling member printed	Hilary Benn
uin	208435
answer	answer is ministerial correction date of answer 10/09/2014 answer text <p /> <p /> <p /> <p /> <p>In the 2014-15 session, as at the end of August 2014, the department had answered 89% of named day questions on the named day</p><p> </p><p>Departmental performance information, for ordinary and named day Parliamentary Questions, is collated by the Office of the Leader of the House of Commons and submitted to the Procedure Committee. This is published on a sessional basis by the committee, and includes evidence regarding departmental performance. The monitoring report relating to the 2012-13 session was published on 13 February 2014 as HC1046. The report covering statistics relating to performance during the 2013-14 session will be published very shortly by the Procedure Committee.</p><p> </p> answering member constituency Thornbury and Yate answering member printed Steve Webb question first answered 10/09/2014 12:19:46 answering member 220 label Biography information for Steve Webb
tabling member	413 label Biography information for Hilary Benn

166087

registered interest
date	25/11/2014
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: Fees and Charges
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they are measuring the impact of auto-enrolment on fees charged by the investment management industry; and what plans they have to track any changes.
tabling member printed	Lord Mendelsohn
uin	HL3145
answer	answer is ministerial correction date of answer 08/12/2014 answer text <p /> <p>The Government’s Command Paper, ‘Better Workplace Pensions: Further measures for savers’, published in March, set out a range of measures including a cap on charges in default fund arrangements, a ban on inappropriate charges and proposals to introduce minimum governance standards and improve transparency across workplace defined contribution schemes.</p><p> </p><p>Following this, Government launched its consultation on draft regulations on governance and charges in occupational pension schemes in October 2014. Subject to Parliamentary approval, the majority of this legislation will come into force from April 2015, alongside Financial Conduct Authority (FCA) rules in relation to workplace personal pension schemes where appropriate. From April 2015, the Government intends to introduce a charge cap on the default funds of qualifying schemes, set at 0.75 per cent of funds under management and the first phase of enhanced transparency with trustees and Independent Governance Committees (IGCs) being required to report on costs and charges for the first time.</p><p> </p><p>In 2015 Government will consult on regulations under duties in the Pensions Act 2014 requiring information about transaction costs to be disclosed to members and others, and the publication of costs and charges information. The FCA also intends to consult on amending their own rules to introduce equivalent enhanced transparency provisions for workplace personal pension schemes during 2015. The Government has also set out its plans to review the level of the default fund charge cap, to see if it should be lowered, and also whether it should include some or all of the transaction costs that are ultimately borne by members within a cap. This review will take place in 2017.</p><p> </p><p>Taken together the combined effect of these measures on charges, governance and transparency and the Government’s commitment to a review should ensure that savers are being enrolled into workplace schemes that are well run and in members’ interests.</p> answering member printed Lord Freud question first answered 08/12/2014 12:19:52 answering member 3893 label Biography information for Lord Freud
tabling member	4286 label Biography information for Lord Mendelsohn

101233

registered interest
date	27/10/2014
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, how many people who had no prior pension savings have been enrolled under automatic enrolment into workplace pension schemes.
tabling member constituency	Fareham
tabling member printed	Mr Mark Hoban
uin	212139
answer	answer is ministerial correction date of answer 03/11/2014 answer text <p /> <p>The information requested is not available.</p><p> </p><p>The latest information published by The Pensions Regulator shows that over 4.7 million eligible jobholders have been automatically enrolled into a workplace pension. It is not possible to identify how many of these jobholders had no prior pension savings.</p> answering member constituency Thornbury and Yate answering member printed Steve Webb question first answered 03/11/2014 15:37:32 answering member 220 label Biography information for Steve Webb
tabling member	1414 label Biography information for Mr Mark Hoban

101235

registered interest
date	27/10/2014
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what proportion of people enrolled under automatic workplace pension schemes have chosen to opt out after (a) six, (b) nine and (c) 12 months.
tabling member constituency	Fareham
tabling member printed	Mr Mark Hoban
uin	212140
answer	answer is ministerial correction date of answer 03/11/2014 answer text <p /> <p>The information requested is not available.</p><p> </p><p>Findings from qualitative research with large employers show the overall opt out rate was around 9 per cent. Most individual employers had an opt out rate between 5 and 15 per cent. Opt out is only possible within the opt out window which is one month after being automatically enrolled.</p> answering member constituency Thornbury and Yate answering member printed Steve Webb question first answered 03/11/2014 15:39:46 answering member 220 label Biography information for Steve Webb
tabling member	1414 label Biography information for Mr Mark Hoban

166089

registered interest
date	25/11/2014
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 Her Majesty’s Government what plans they have to review the basis on which projections of potential returns are used by the investment management industry in communications with pension holders.
tabling member printed	Lord Mendelsohn
uin	HL3147
answer	answer is ministerial correction date of answer 08/12/2014 answer text <p /> <p>Since 6 April 2003, certain money purchase pension arrangements have been required to provide members with Statutory Money Purchase Illustrations (SMPIs). Legislation requires that statutory illustrations are produced in accordance with guidance prepared by a prescribed body approved by the Secretary of State for Work and Pensions and by the Department for Social Development in Northern Ireland.</p><p>The Financial Reporting Council (FRC) is the prescribed body and has been since 6 April 2007. The FRC fulfils its obligations through the publication of Actuarial Standard Technical Memorandum AS TM1: Statutory Money Purchase Illustrations (AS TM1). It reviews AS TM1 regularly and the last completed review was carried out in 2013 following the introduction of the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 (SI 2013/2734) which came into force on 6 April 2014. The AS TM1 specifies that the investment return should take into account the current and anticipated future investment strategy of the member’s funds over the period to retirement and be consistent from year to year, with the rationale documented and made available to members on request.</p><p> </p><p>In addition, Financial Conduct Authority (FCA) rules require a projection at point of sale for contract based pensions. The investment return must reflect the investment potential of the (expected) underlying assets, subject to an overall cap of 5%pa. Flanking projections must be provided using returns which vary by +/- 3%. The FCA has a public commitment to review the basis every 4 years and the next review is due in 2015. The FCA do not require further projections during the lifetime of the contract as pension scheme members will receive statutory statements prepared under DWP legislation. However, where a provider chooses to provide additional projections, they must follow the same basis as point of sale projections.</p> answering member printed Lord Freud question first answered 08/12/2014 12:26:30 answering member 3893 label Biography information for Lord Freud
tabling member	4286 label Biography information for Lord Mendelsohn

61311

registered interest
date	11/06/2014
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, what progress is being made in ensuring that all eligible employees have been offered automatic enrolment into a workplace pension scheme with minimum employer contributions.
tabling member constituency	East Londonderry
tabling member printed	Mr Gregory Campbell
uin	200197
answer	answer is ministerial correction date of answer 16/06/2014 answer text <p /> <p /> <p>So far automatic enrolment has been a stunning success. The latest information published by the Pensions Regulator on 12 June 2014 showed that more than 15,000 employers have completed the automatic enrolment process and 3.6 million eligible workers have been automatically enrolled into a workplace pension.</p><p> </p><p>Around 99 per cent of employers who have completed registration have done so without the need for the Pensions Regulator to use their statutory powers. Employers have understood that providing a workplace pension and helping their workers plan for retirement is the now the norm.</p><p> </p><p>Preliminary findings from the 2013 Employers' Pension Provision survey show that around 90 per cent of automatically enrolled workers have remained members of a pension scheme.This early success has led the Government to revise down its opt out predictions. Instead of the anticipated 30 per cent opt out rate the Government now expects only 15 per cent of individuals will opt out once automatic enrolment is fully rolled out.</p> answering member constituency Hemel Hempstead answering member printed Mike Penning question first answered 16/06/2014 15:35:51 answering member 1528 label Biography information for Sir Mike Penning
tabling member	1409 label Biography information for Mr Gregory Campbell

61843

registered interest
date	12/06/2014
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, how many people have fallen below the auto enrolment threshold in each year since that policy was introduced.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	200362
answer	answer is ministerial correction date of answer 17/06/2014 answer text <p>Under the Pensions Act 2008, the automatic enrolment earnings trigger is reviewed by the Secretary of State every year, and revised if necessary. Since automatic enrolment was introduced in October 2012, two annual reviews to the trigger have been conducted. The table shows the impact of changes to the earnings trigger.</p><p /> <p /><table><tbody><tr><td colspan="4"><p>Earnings trigger revised</p></td><td rowspan="2"><p>Number of individuals in eligible target group excluded</p></td></tr><tr><td colspan="2"><p>From</p></td><td colspan="2"><p>To</p></td></tr><tr><td><p>2012/13</p></td><td><p>£8,105</p></td><td><p>2013/14</p></td><td><p>£9,440</p></td><td><p>420,000</p></td></tr><tr><td><p>2013/14</p></td><td><p>£9,440</p></td><td><p>2014/15</p></td><td><p>£10,000</p></td><td><p>170,000</p></td></tr></tbody></table><p>Table 1: Impact of changes to the automatic enrolment earnings trigger in each of the two annual reviews since the policy was introduced.</p><p> </p><p>Note: The figures refer to the eligible target group in the private sector. This includes individuals aged 22 to the State Pension age who earn above the earnings trigger and are not in a qualifying pension scheme.</p> answering member constituency Thornbury and Yate answering member printed Steve Webb question first answered 17/06/2014 15:13:46 answering member 220 label Biography information for Steve Webb
tabling member	3949 label Biography information for Gregg McClymont

61844

registered interest
date	12/06/2014
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	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Work and Pensions, whether he proposes that his planned charge cap on workplace pensions from April 2015 will apply to new collective defined contribution schemes.
tabling member constituency	Cumbernauld, Kilsyth and Kirkintilloch East
tabling member printed	Gregg McClymont
uin	200361
answer	answer is ministerial correction date of answer 17/06/2014 answer text <p /> <p /> <p>The Government's Defined Ambition Bill will bring new forms of collective pension arrangements to the UK, and it is vital that member protection, good governance and fair charges remain at the heart of this system.</p><p> </p><p>Details of how any charge cap may be applied to Collective Defined Contribution schemes will be in place before this legislation is commenced.</p> answering member constituency Thornbury and Yate answering member printed Steve Webb question first answered 17/06/2014 11:53:23 answering member 220 label Biography information for Steve Webb
tabling member	3949 label Biography information for Gregg McClymont