(6 years, 5 months ago)
Commons ChamberNearly 10 million people are enrolled in a workplace pension thanks to the success of automatic enrolment. In the Crawley constituency, approximately 48,000 eligible jobholders have been automatically enrolled, and thanks are due to the 1,600 employers who have fulfilled their duties locally.
Will my hon. Friend join me in paying tribute to Crawley-headquartered B&CE and its People’s Pension for playing such an important role in that roll-out of pensions?
It was a delight to visit The People’s Pension with my hon. Friend, to see the hundreds of local staff who are doing such a fantastic job and the work that the company is doing as a great local employer, to receive a Crawley Town football shirt—I must confess that I have not yet worn it—and to support a great local business.
(6 years, 11 months ago)
Commons ChamberI look forward to working with the hon. Gentleman as we steer the DB White Paper into legislation, but the legislation is looking at the future—it is not necessarily retrospective.
(7 years, 4 months ago)
Commons ChamberThe position in relation to both matters is that they are worked through with the Pensions Regulator and the Pension Protection Fund, particularly in relation to British Steel, to ensure that members get information on the effect on their pension rights of staying with BSPS or moving to BSPS II. That includes newsletters, a website and bespoke option packs. The Financial Conduct Authority has also stepped in and banned a variety of organisations, and it is providing proper advice.