Pensions

(Limited Text - Ministerial Extracts only)

Read Full debate
Monday 4th May 2020

(4 years, 7 months ago)

Commons Chamber
Read Hansard Text
Guy Opperman Portrait The Parliamentary Under-Secretary of State for Work and Pensions (Guy Opperman) [V]
- Hansard - - - Excerpts

I beg to move,

That the draft Automatic Enrolment (Offshore Employment) (Amendment) Order 2020, which was laid before this House on 16 March, be approved.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
- Hansard - - - Excerpts

With this we shall take the following motion:

That the draft Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations 2020, which were laid before this House on 16 March, be approved.

The Minister is asked to speak for no more than 20 minutes

Guy Opperman Portrait Guy Opperman
- Hansard - - - Excerpts

I am pleased to introduce these instruments, which follow the statement that I laid before the House on 16 March. It is an honour to address the House remotely, and to be the first Member of Parliament for Hexham to do so. I hope that it is also the last time I do so, and that we can get back to business as usual and to the Parliament that we had before.

Before I turn to the substance of the instruments, Mr Deputy Speaker, I hope that you will indulge me briefly while I comment on some of the matters before us. We have a situation in which 25% of the working population are furloughed, with their wages paid for by the Government, and the Department for Work and Pensions is undertaking the Herculean task of taking well over 1 million people on to universal credit. As you will know, Mr Deputy Speaker, it is also Star Wars Day. While I am absolutely certain that the force is with you, I hope that the force is also with my broadband provider. If it fails, I can assure you that I will not blame the Government.

It is an honour to be a Minister at the DWP and to be the first to move regulations in this way. In her statement earlier, the Secretary of State rightly thanked our fantastic workforce, who have worked day and night to ensure that all the DWP’s services are provided in a professional and competent manner. I should like to put on the record my thanks to all the staff who work at the DWP, including those in jobcentres up and down the country, such as Hexham jobcentre in my constituency.

I also thank everybody at Team Pensions, who have worked tirelessly to ensure that covid-19 does not adversely impact local and national populations. In particular, we have cancelled the pension levy increase, help has been given to defined contribution and defined benefit providers, and we continue to try to stop the public being scammed. Finally, I thank my team in Hexham, led by James McArdle, and my team at the DWP, led by Lauren Thomas.

Mr Deputy Speaker, you are aware of the importance of automatic enrolment in all our constituencies, and these instruments are important. Automatic enrolment is one of the great cross-party success stories. Conceived under a Labour Government, formulated and brought forward under the coalition, and expanded under a Conservative Government, it is one of the finest public policy successes in the last generation. We now have 10 million plus people who have been automatically enrolled on to an occupational pension; automatic enrolment has transformed workplace savings. They are now saving 8% per annum on an ongoing basis, which simply was not the case previously.

The instruments will implement the conclusions of the 2018 statutory review. The review concluded that automatic enrolment into workplace pensions should continue for eligible employees in the maritime industries, ensuring their access to a pension in the same way as workers in the rest of the UK economy. Subject to the approval of the House, the instruments will remove the sunset clauses contained in the original 2012 legislation so that it continues in force beyond the current expiry date of 1 July 2020. The business of the Government goes on notwithstanding the impacts of covid-19. We will overcome this pandemic, we are Great Britain. I commend these regulations to the House.

Nigel Evans Portrait Mr Deputy Speaker (Mr Nigel Evans)
- Hansard - - - Excerpts

I ask the shadow Minister not to speak for longer than 15 minutes.

--- Later in debate ---
Guy Opperman Portrait Guy Opperman [V]
- Hansard - - - Excerpts

I will speak briefly in response. I thank both hon. Gentlemen for their support for the regulations. It is entirely right that my Labour colleague, the hon. Member for Birmingham, Erdington (Jack Dromey), should say that this is a cross-party success story, and I thank him for the commendable way in which he has approached these regulations and the work that we do together. On the comments by the hon. Member for Aberdeen South (Stephen Flynn), who speaks for the Scottish National party, I would merely point out that approximately 24% of the population have been furloughed and are being supported by taxpayers and the Government and that over 1 million people have recently moved on to universal credit, massively enhanced. There is no doubt that there are great difficulties in the north-east of Scotland, but I am certain that the Chancellor and the entire Government are fully supportive, whether through the coronavirus job retention scheme or any of the other schemes that they are putting forward, to ensure that this country gets through this terrible pandemic.

Question put and agreed to.



Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations 2020

Resolved,

That the House has considered the Occupational and Personal Pension Schemes (Automatic Enrolment) (Amendment) Regulations 2020.—(Stuart Andrew.)