Jan. 28 2011
Source Page: Preparing for automatic enrolment: Regulatory differences between occupational and workplace personal pensions. A Call for Evidence. 22 p.Found: Preparing for automatic enrolment: Regulatory differences between occupational and workplace personal
Asked by: John McDonnell (Labour - Hayes and Harlington)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people opted out of auto-enrolment workplace pension schemes in each of the last ten years for which figures are available.
Answered by Paul Maynard - Parliamentary Under-Secretary (Department for Work and Pensions)
The data requested for the number of people who opted out of automatic enrolment workplace pension schemes in each of the last ten years is not readily available and to provide it would incur disproportionate costs.
The department makes regular publications of the data that is held, including the Workplace Pension Participation and Savings Trends, which is available on GOV.UK. This publication includes aggregated data from large private pension providers in which the proportion of new member enrolments to have opted-out of workplace pension saving stood at 11.79% in July 2023. Over the period from January 2020 to July 2023, these opt-out rates have fluctuated between a low of 7.03% and a high of 12.23%. From the same aggregated private pension provider data, the proportion of pension scheme members making an active decision to cease saving was 0.50% in July 2023.
Asked by: Charles Walker (Conservative - Broxbourne)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, pursuant to the Answer of 8 February 2024 to Question 12888 on Workplace Pensions, for what reason the findings of that work will not be published.
Answered by Paul Maynard - Parliamentary Under-Secretary (Department for Work and Pensions)
I would refer the Hon. Gentleman to the previous response. It is not convention to disclose policy discussions between Ministers and officials as a matter of course.
Jun. 27 2011
Source Page: Preparing for automatic enrolment: response to the call for evidence: regulatory differences between occupational and workplace personal pensions. 22 p.Found: automatic enrolment: response to the call for evidence: regulatory differences between occupational and workplace
Asked by: Earl of Effingham (Conservative - Excepted Hereditary)
Question to the Department for Work and Pensions:
To ask His Majesty's Government what assessment they have made of the report from the Institute for Fiscal Studies that around 3.5 million private sector employees do not pay anything into their pensions in a given year, and what they will do to address this.
Answered by Viscount Younger of Leckie - Parliamentary Under-Secretary (Department for Work and Pensions)
Automatic Enrolment has already seen more than 11 million people enrolled into pension saving to date, with around an additional £29 billion in real terms saved into workplace pensions in 2021 compared to 2012.
Automatic Enrolment (AE) is and will continue to be based on the principle of extending saving to as many people as possible for whom it makes sense to save. We remain committed to increasing the number of employees who are saving, through implementing the AE 2017 Review measures to lower the age for being automatically enrolled to 18 and abolishing the lower earnings band for workplace pension contributions, which will disproportionately benefit lower earners, giving them access to an employer pension contribution for the first time. This will see 3 million people saving £2 billion extra a year.
The Government supported the Pensions (Extension of Automatic Enrolment) Act 2023 which gives us the legislative powers to implement the expansion of AE subject to consultation. We remain committed to doing this in the mid-2020s.
Asked by: Philippa Whitford (Scottish National Party - Central Ayrshire)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, if his Department will take steps to ensure that women who are (a) self-employed and (b) earn less than £10,000 per year have access to workplace pensions.
Answered by Paul Maynard - Parliamentary Under-Secretary (Department for Work and Pensions)
Automatic enrolment (AE) has helped millions more women to save into a pension, with pension participation rates among eligible women in the private sector rising from 40% in 2012 to 87% in 2022.
The government is committed to build on the success of AE and is making progress on implementing the measures as set out in the 2017 review. The Pensions (Extension of Automatic Enrolment) Act 2023 was introduced into Parliament with government support and provides the necessary powers.
Once implemented, the measures will disproportionately increase the pension saving of lower earners; a woman working part-time earning National Living Wage could see her pension almost double as a result when saving over her career.
The AE framework cannot be straightforwardly extended to people who are self-employed, as there is no employer to enrol them into a scheme; select a scheme or make contributions.
The department is currently working with research partners to explore the feasibility of building and testing retirement savings solutions in digital platforms. This includes accountancy software and payment platforms, used by self-employed people to manage their money.
Asked by: Catherine McKinnell (Labour - Newcastle upon Tyne North)
Question to the Department for Education:
To ask the Secretary of State for Education, pursuant to the Answer of 27 April 2023 to question HL7130 on Teachers: Workplace Pensions, if she will publish a table of the dates on which Teacher Pension Scheme contribution rates for employers involved in the provision of private education have changed since 2003 including what the new rate was after each change.
Answered by Nick Gibb
The information is readily available at: https://www.local.gov.uk/our-support/workforce-and-hr-support/local-government-pensions/teachers-pension-scheme/historic-2.
Asked by: Catherine McKinnell (Labour - Newcastle upon Tyne North)
Question to the Department for Education:
To ask the Secretary of State for Education, with reference to the Answer of 27 April 2023 to Question HL7130 on Teachers: Workplace Pensions, if she will publish a list of employers involved in the provision of private education which (a) are or (b) have been since 11 May 2010 participants in the Teachers’ Pension Scheme.
Answered by Nick Gibb
The information is not readily available or held centrally and could only be obtained at disproportionate cost.
Asked by: Catherine McKinnell (Labour - Newcastle upon Tyne North)
Question to the Department for Education:
To ask the Secretary of State for Education, pursuant to the Answer of 27 April 2023 to question HL7130 on Teachers: Workplace Pensions, if she will publish a table of the number of employers involved in the provision of private education which have (a) partially and (b) wholly withdrawn from the Teachers' Pension Scheme in each year since 2010.
Answered by Nick Gibb
The attached table lists the number of employers involved in the provision of private education which have (a) partially and (b) wholly withdrawn from the Teachers’ Pension Scheme in each year since 2010.
Feb. 06 2024
Source Page: Low earners and workplace pension saving – a qualitative studyFound: Low earners and workplace pension saving – a qualitative study