Results 1–20 of 1309 for speaker:Guy Opperman

Written Answers — Department for Work and Pensions: Pension Funds: QG Apollo Limited (20 Oct 2017)

Guy Opperman: The Pensions Regulator (TPR) has the power to appoint an independent trustee in certain circumstances where it is necessary and appropriate to do so. TPR is the independent regulator for workplace pensions and, as such, it would not be appropriate for me to comment in more detail.

Written Answers — Department for Work and Pensions: Pension Credit: Glasgow East (20 Oct 2017)

Guy Opperman: The information requested on the number of individuals eligible to receive Pension Credit by parliamentary constituency is not available at that level. Information on the number of individuals in receipt of Pension Credit, by parliamentary constituency, is published and available at: https://stat-xplore.dwp.gov.uk Guidance for users is available at: ...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (16 Oct 2017)

Guy Opperman: The State Pension age is currently 64 for women and 65 for men. The State Pension age is due to reach 67 for both genders by March 2028. We do not have an estimate of the cost of the state pension age of women being reduced to 61, 62, 63 or 64 from the 2017-18 tax year. This could only be obtained at disproportionate cost. In the longer-term we estimate that reducing the state pension age...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (16 Oct 2017)

Guy Opperman: The Government will not be revisiting the State Pension age arrangements for women affected by the Pensions Act 1995 and Pensions Act 2011. These women will receive their State Pension either at the same age as men or earlier as we remove the current inequality, as set out in the 1995 & 2011 Acts. A concession was made prior to the passing of the 2011 Act which reduced the delay that...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (16 Oct 2017)

Guy Opperman: The decision to equalise the State Pension age for men and women dates back to 1995 and addresses a longstanding inequality between men and women’s State Pension age. If State Pension ages had not been equalised, women would be spending 40% of their adult life in retirement and this proportion would be continuing to increase. The 2010-15 Government made the decision to bring in further...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (16 Oct 2017)

Guy Opperman: The Independent Case Examiner (ICE) office has recently set up a team dedicated to investigating complaints from women affected by the increase in the state pension. The team became operational on 2 October 2017. Their aim is to complete an investigation within 20 weeks of the case being allocated for investigation, with the outcome being communicated directly to the complainant in a report...

Written Answers — Department for Work and Pensions: Pensions: EU Countries (13 Oct 2017)

Guy Opperman: The information requested is not available.

Written Answers — Department for Work and Pensions: State Retirement Pensions: British Nationals Abroad (13 Oct 2017)

Guy Opperman: The table below provides a response to your question from DWP’s State Pension administrative data on the number of State Pension recipients aged over 100 years old. There are known issues with the quality of this data due to historical operational processes which mean that some cases remain on the administrative data although they are no longer in payment. Additional management...

Written Answers — Department for Work and Pensions: Pension Credit: East Renfrewshire (13 Oct 2017)

Guy Opperman: The information requested on the number of individuals eligible to receive Pension Credit by parliamentary constituency is not available at that level. At the end of February 2017, there were 2,021 individuals in receipt of Pension Credit in East Renfrewshire. This information is published and available at: https://stat-xplore.dwp.gov.uk

Written Answers — Department for Work and Pensions: Prison Officers: Retirement (11 Oct 2017)

Guy Opperman: HM Treasury published an Impact Assessment in September 2012 on the Public Service Pensions Bill, which later became the Public Service Pensions Act 2013. This Act links the Normal Pension Age for public sector workers (including prison officers) to the State Pension Age. Under current legislation, the State Pension Age will rise to 68 for those born 6 April 1978 onwards. The justification...

Written Answers — Department for Work and Pensions: Pensions (11 Oct 2017)

Guy Opperman: Pension schemes are registered with The Pensions Regulator (TPR). This is not the same as approval. The exception to this ‎will be master trusts, where in due course schemes will be directly authorised by TPR. The Pension Schemes Act 2017 requires TPR to publish a list of authorised master trusts. This list will be available after authorisation commences which is expected to be in...

Written Answers — Department for Work and Pensions: Occupational Pensions (11 Oct 2017)

Guy Opperman: Legislation already requires scheme providers and trustees to provide information to members both on request and, in Defined Contribution schemes, at least annually. In addition legislation requires those with defined contribution savings to receive information in advance of retirement, which will also signpost members to the government’s Pension Wise service with whom members can...

Written Answers — Department for Work and Pensions: Digital Equipment: Occupational Pensions (11 Oct 2017)

Guy Opperman: The government does not hold the relevant figures. However, we have done some analysis of the impact across all pension schemes and produced a factsheet on the subject, a copy of which I will place in the Libraries of the House. There is no statutory requirement for pensions earned before 1997 to be increased once in payment. To require schemes now to pay increases to pre-1997 pensions would...

Written Answers — Department for Work and Pensions: Christmas Bonus (11 Oct 2017)

Guy Opperman: There are no plans to uprate the annual Christmas Bonus. The bonus was initially introduced as a one-off payment of £10 in 1972, and has not been uprated or increased on a yearly basis. It was introduced to provide additional financial support at a time of high inflation. It is now an established feature of the social security system.

Written Answers — Department for Work and Pensions: Christmas Bonus (11 Oct 2017)

Guy Opperman: The annual cost of the Christmas Bonus is published in DWP’s Benefit Expenditure and Caseload tables (Table_1a): https://www.gov.uk/government/collections/benefit-expenditur e-tables

Written Answers — Department for Work and Pensions: State Retirement Pensions (9 Oct 2017)

Guy Opperman: The table below provides a response to your question from DWP’s State Pension administrative data on the number of State Pension recipients aged over 100-years old. There are known issues with the quality of this data due to historical operational processes which mean that some cases remain on the administrative data although they are no longer in payment. - Caseload England...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Uprating (9 Oct 2017)

Guy Opperman: The Government is committed to increase the basic State Pension up to the full amount of the new State Pension by the Triple Lock for the duration of this Parliament. The Triple Lock ensures that the highest of the growth in wages, prices (CPI) and 2.5% is applied. A decision on the rate to be used is taken annually following the publication of price inflation and earnings growth rate...

Written Answers — Department for Work and Pensions: Company Finance (9 Oct 2017)

Guy Opperman: Our Green Paper: Security and Sustainability in Defined Benefit Schemes looked at a number of potential measures to further protect DB schemes – including introducing a system for compulsory clearance by the Regulator for certain corporate transactions and a requirement for employers to consult with trustees before paying dividends where the scheme is underfunded. We are currently...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Barnsley (9 Oct 2017)

Guy Opperman: The data requested is not held, however the number of older workers in the UK is at a record high, currently standing at 9.9m workers aged 50 years and over. 4.2m women aged 50-64 are in employment; this compares to 3.5m five years ago. There are 1.2 million individuals in employment aged over 65, of which 39% are women. Employment rates for older workers have also been increasing and...

Written Answers — Department for Work and Pensions: State Retirement Pensions (9 Oct 2017)

Guy Opperman: Please find the response to your question in the table below: Caseload Average Age Scotland 1,020,020 74.3 England 10,001,160 74.7 Wales 647,330 74.5 Source: DWP Work and Pensions Longitudinal Study, February 2017. Caseload figures have been rounded to the nearest 10. Averages are means. There are additionally 430 persons resident in Great Britain whose location is...


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