Draft Occupational Pension Schemes (Administration, Investment, Charges and Governance) (Amendment) Regulations 2021 Debate
Full Debate: Read Full DebateDepartment: Department for Work and Pensions
Meg Hillier
Main Page: Meg Hillier (Labour (Co-op) - Hackney South and Shoreditch)Department Debates - View all Meg Hillier's debates with the Department for Work and Pensions
Draft Occupational Pension Schemes (Administration, Investment, Charges and Governance) (Amendment) Regulations 2021
Meg Hillier Excerpts(2 years, 10 months ago)
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Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)
I should declare my interests as a trustee of the parliamentary contributory pension fund.
The regulations raise the issue of the fees for small pension funds. To echo the comments of the hon. Member for Glasgow South West, although the auto-enrolment scheme was a great leap forward in enrolling people in jobs that never had pensions before, many people will jump from small pension scheme to small pension scheme, with small pots in those different schemes. Some of the those schemes will survive and some will wither away over time. Does the Minister have any plans to look at the fees for the auto-enrolment scheme, and in particular the gender equality issues that affect that? Is he looking to transfer transparency from the proposed scheme to other schemes?