Pensions relief relating to net pay arrangements - GOV.UK (www.gov.uk)<\/a><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4169", "label" : {"_value" : "Biography information for Viscount Younger of Leckie"}
}
, "answeringMemberPrinted" : {"_value" : "Viscount Younger of Leckie"}
, "dateOfAnswer" : {"_value" : "2023-05-03", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-05-03T11:38:17.837Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "29"}
, "answeringDeptShortName" : {"_value" : "Work and Pensions"}
, "answeringDeptSortName" : {"_value" : "Work and Pensions"}
, "date" : {"_value" : "2023-04-19", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL7260"}
, {"_about" : "http://data.parliament.uk/resources/1585188", "AnsweringBody" : [{"_value" : "Department for Work and Pensions"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1585188/answer", "answerText" : {"_value" : "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>
We remain committed to the implementation of the 2017 Review ambitions in the mid-2020s.<\/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>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4169", "label" : {"_value" : "Biography information for Viscount Younger of Leckie"}
}
, "answeringMemberPrinted" : {"_value" : "Viscount Younger of Leckie"}
, "dateOfAnswer" : {"_value" : "2023-02-21", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2023-02-21T11:51:06.223Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "29"}
, "answeringDeptShortName" : {"_value" : "Work and Pensions"}
, "answeringDeptSortName" : {"_value" : "Work and Pensions"}
, "date" : {"_value" : "2023-02-07", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL5528"}
, {"_about" : "http://data.parliament.uk/resources/1436316", "AnsweringBody" : [{"_value" : "Department for Work and Pensions"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1436316/answer", "answerText" : {"_value" : "
The department has introduced ESG-related legislation, including regulations aligned with the Taskforce on Climate-related Financial Disclosures (TCFD), requiring trustees to consider, assess and report on the financial risks of climate change within their portfolios.<\/p>
<\/p>
These measures go beyond merely reporting a climate policy and how it is implemented. They require trustees to put in place climate-related governance and risk management, to assess the impact of climate change on their investment strategy, to conduct scenario analysis, to set targets.<\/p>
<\/p>
This means that automatic enrolment schemes will be encouraged to consider climate-related risks and opportunities, and this is likely to influence their choice of products in their portfolio. The Government thinks that ESG factors and their impact should be taken into consideration where financially material, but the process of investing in individual products is down to the market and trustees working within their fiduciary duty.<\/p>
<\/p>
I recognise the risk of \u2018greenwashing\u2019, where investors can be misled on the quality of a product described as being an ESG product and this must be tackled. To aid trustees in their decisions, the department participates in an advisory group which supports the Financial Conduct Authority in developing their proposed requirements that certain investment products display a label reflecting their sustainability characteristics.<\/p>
<\/p>
Recent research carried out by Corporate Advisor in their \u2018ESG in DC Pensions\u2019 report found that 19 out of 21 pension providers surveyed deploy ESG tilts or screening overlays on their default funds excluding specific companies or sectors with poor ESG ratings[1]<\/sup><\/sup>. The report found that three years ago, just five master trust defaults took this approach, suggesting that schemes are increasingly turning to ESG-related products. I believe the steps the department has taken to put in place the regulatory framework for consideration of ESG factors will have contributed to the uptake here.<\/p> <\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/strong><\/p> <\/strong><\/p> <\/strong><\/p> <\/strong><\/p> <\/strong><\/p> <\/strong><\/p> <\/p>
<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4174", "label" : {"_value" : "Biography information for Baroness Stedman-Scott"}
}
, "answeringMemberPrinted" : {"_value" : "Baroness Stedman-Scott"}
, "dateOfAnswer" : {"_value" : "2022-03-11", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-03-11T14:38:48.7Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "29"}
, "answeringDeptShortName" : {"_value" : "Work and Pensions"}
, "answeringDeptSortName" : {"_value" : "Work and Pensions"}
, "date" : {"_value" : "2022-02-28", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government how many Environmental, Social and Governance (ESG) pension products are available for automatic enrolment pensions; what assessment they have made of the impact of financial services regulations on the number of ESG pension products available for automatic enrolment pensions; and what steps they are taking to increase the number of ESG pension products available for automatic enrolment purposes.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4719", "label" : {"_value" : "Biography information for Baroness Bennett of Manor Castle"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Bennett of Manor Castle"}
], "uin" : "HL6479"}
, {"_about" : "http://data.parliament.uk/resources/1385988", "AnsweringBody" : [{"_value" : "Department for Work and Pensions"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1385988/answer", "answerText" : {"_value" : "
In 2017, the government introduced regulations requiring large employers to publish the differences in average salaries and bonuses for men and women. The regulations have helped to motivate employers; placing the gender pay gap at the top of the agenda and prompting conversations within businesses about workplace equality.<\/p>
<\/p>
Employers are now focussed on understanding and tackling the causes of the gaps in their organisations. Reporting has been a vital part of getting everyone to take the first step.<\/p>
<\/p>
Alongside this, the government is continuing to work closely with employers, their representative bodies and regulators to build understanding on this issue.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4174", "label" : {"_value" : "Biography information for Baroness Stedman-Scott"}
}
, "answeringMemberPrinted" : {"_value" : "Baroness Stedman-Scott"}
, "dateOfAnswer" : {"_value" : "2021-12-17", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2021-12-17T14:24:32.43Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "29"}
, "answeringDeptShortName" : {"_value" : "Work and Pensions"}
, "answeringDeptSortName" : {"_value" : "Work and Pensions"}
, "date" : {"_value" : "2021-12-07", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what plans they have to encourage employers to calculate their gender pension contributions gap in order to compare this to their gender pay gap data.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/1796", "label" : {"_value" : "Biography information for Lord Taylor of Warwick"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Taylor of Warwick"}
], "uin" : "HL4772"}
, {"_about" : "http://data.parliament.uk/resources/1363752", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1363752/answer", "answerText" : {"_value" : "
In February 2021 the government reconfirmed that normal minimum pension age (NMPA) will rise to 57 in 2028 (as announced in 2014) and published a consultation on the implementation of the increase and a proposed protection regime. That consultation received 117 responses. The government published draft legislation in July. Throughout these consultations the government has been in regular dialogue with a wide variety of stakeholders about the proposals, including the design of the protection regime and the interplay between the implementation of the Normal Minimum Pension Age and the impact on other policy initiatives. We are considering these responses and representations carefully and will publish full details of the protection regime in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"}
, "dateOfAnswer" : {"_value" : "2021-11-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3420"}
, {"_value" : "HL3421"}
, {"_value" : "HL3422"}
, {"_value" : "HL3423"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2021-11-09T12:33:41.14Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2021-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government, further to their proposal to increase the normal minimum pension age from 55 to 57 in 2028, how many pension scheme members they estimate will benefit from the planned protection regime before 5 April 2023.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL3419"}
, {"_about" : "http://data.parliament.uk/resources/1363753", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1363753/answer", "answerText" : {"_value" : "
In February 2021 the government reconfirmed that normal minimum pension age (NMPA) will rise to 57 in 2028 (as announced in 2014) and published a consultation on the implementation of the increase and a proposed protection regime. That consultation received 117 responses. The government published draft legislation in July. Throughout these consultations the government has been in regular dialogue with a wide variety of stakeholders about the proposals, including the design of the protection regime and the interplay between the implementation of the Normal Minimum Pension Age and the impact on other policy initiatives. We are considering these responses and representations carefully and will publish full details of the protection regime in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"}
, "dateOfAnswer" : {"_value" : "2021-11-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3419"}
, {"_value" : "HL3421"}
, {"_value" : "HL3422"}
, {"_value" : "HL3423"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2021-11-09T12:33:41.187Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2021-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government, further to their proposal to increase the normal minimum pension age from 55 to 57 in 2028, what estimate they have made of the number of people who will transfer existing pensions to new providers to take advantage of the planned protection regime that will be available up to 5 April 2023.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL3420"}
, {"_about" : "http://data.parliament.uk/resources/1363754", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1363754/answer", "answerText" : {"_value" : "
In February 2021 the government reconfirmed that normal minimum pension age (NMPA) will rise to 57 in 2028 (as announced in 2014) and published a consultation on the implementation of the increase and a proposed protection regime. That consultation received 117 responses. The government published draft legislation in July. Throughout these consultations the government has been in regular dialogue with a wide variety of stakeholders about the proposals, including the design of the protection regime and the interplay between the implementation of the Normal Minimum Pension Age and the impact on other policy initiatives. We are considering these responses and representations carefully and will publish full details of the protection regime in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"}
, "dateOfAnswer" : {"_value" : "2021-11-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3419"}
, {"_value" : "HL3420"}
, {"_value" : "HL3422"}
, {"_value" : "HL3423"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2021-11-09T12:33:41.233Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2021-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government, further to their proposed introduction of a protection regime to allow pension scheme members to protect a minimum pension age of 55, how many pension accounts they expect to be opened for children before 5 April 2023 to protect a minimum pension age of 55 for their future.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL3421"}
, {"_about" : "http://data.parliament.uk/resources/1363755", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1363755/answer", "answerText" : {"_value" : "
In February 2021 the government reconfirmed that normal minimum pension age (NMPA) will rise to 57 in 2028 (as announced in 2014) and published a consultation on the implementation of the increase and a proposed protection regime. That consultation received 117 responses. The government published draft legislation in July. Throughout these consultations the government has been in regular dialogue with a wide variety of stakeholders about the proposals, including the design of the protection regime and the interplay between the implementation of the Normal Minimum Pension Age and the impact on other policy initiatives. We are considering these responses and representations carefully and will publish full details of the protection regime in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"}
, "dateOfAnswer" : {"_value" : "2021-11-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3419"}
, {"_value" : "HL3420"}
, {"_value" : "HL3421"}
, {"_value" : "HL3423"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2021-11-09T12:33:41.093Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2021-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what plans they have consult with industry on the practicalities of implementing the proposed protection regime for increasing the normal minimum pension age to 57 in April 2028.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL3422"}
, {"_about" : "http://data.parliament.uk/resources/1363756", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1363756/answer", "answerText" : {"_value" : "
In February 2021 the government reconfirmed that normal minimum pension age (NMPA) will rise to 57 in 2028 (as announced in 2014) and published a consultation on the implementation of the increase and a proposed protection regime. That consultation received 117 responses. The government published draft legislation in July. Throughout these consultations the government has been in regular dialogue with a wide variety of stakeholders about the proposals, including the design of the protection regime and the interplay between the implementation of the Normal Minimum Pension Age and the impact on other policy initiatives. We are considering these responses and representations carefully and will publish full details of the protection regime in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4689", "label" : {"_value" : "Biography information for Lord Agnew of Oulton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Agnew of Oulton"}
, "dateOfAnswer" : {"_value" : "2021-11-09", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3419"}
, {"_value" : "HL3420"}
, {"_value" : "HL3421"}
, {"_value" : "HL3422"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2021-11-09T12:33:41.267Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2021-10-26", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Workplace Pensions"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty's Government what assessment they have made of the effects their planned protection regime for minimum pension ages will have on their policies for pension simplification and consumer engagement, including (1) the implications of increased complexity for simple Annual Statements, (2) the challenges for pension forecasts to be produced by Pension Dashboards, and (3) consolidation of smaller pension pots.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4533", "label" : {"_value" : "Biography information for Baroness Altmann"}
}
, "tablingMemberPrinted" : [{"_value" : "Baroness Altmann"}
], "uin" : "HL3423"}
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}