Results 1–20 of 373 for in the 'Written Answers' speaker:Guy Opperman

Written Answers — Department for Work and Pensions: Occupational Pensions: Females (9 Feb 2018)

Guy Opperman: Automatic enrolment has reversed the decline in workplace pension saving. Latest figures show that nearly 9.2 million people have been automatically enrolled; with participation amongst eligible women in the private sector increasing, from 40% to 73%, to equal the rate for men. By 2019/20 an estimated extra £20 billion a year is estimated to go into workplace pensions as a result of...

Written Answers — Department for Work and Pensions: State Retirement Pensions: British Nationals Abroad (9 Feb 2018)

Guy Opperman: A UK national resident in the UK on the specified date who then seeks to move to an EU27 MS after the specified date is in scope of the Withdrawal Agreement for the purpose of state pension uprating if they have been subject to the legislation of an EU27 MS prior to the specified date. We will want to discuss in future talks state pension uprating for individuals who are not covered by the...

Written Answers — Department for Work and Pensions: State Retirement Pensions (9 Feb 2018)

Guy Opperman: On 27 November 2017, the Minister for Family Support, Housing and Child Maintenance announced in a Written Statement to Parliament that the Government would increase the full basic and new State Pensions by 3 per cent in 2018/19 in line with the rate of prices growth as measured by the Consumer Price Index. The annual uprating order which is currently going through the Parliamentary processes...

Written Answers — Department for Work and Pensions: Self-employed: Pensions (9 Feb 2018)

Guy Opperman: The Department’s review of automatic enrolment (AE), Maintaining the Momentum, published in December 2017 sets out the Government’s position in regard to the self-employed and retirement saving. The review report can be viewed at: https://www.gov.uk/government/uploads/system/uploads/attachm ent_data/file/668971/automatic-enrolment-review-2017-maintai ning-the-momentum.PDF The...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Cost of Living (7 Feb 2018)

Guy Opperman: The Government is committed to ensuring economic security for people at every stage of their life, including when they reach retirement. Legislation for the basic and new State Pensions allows for annual increases at least in line with average earnings growth. This ensures that people above State Pension age receive increases that are in line with earnings growth in the population as a whole....

Written Answers — Department for Work and Pensions: Pensions: Advisory Services (6 Feb 2018)

Guy Opperman: As announced on 19th October 2017, DWP is leading a feasibility study, working with industry, consumer-facing organisations and the regulators to explore the key issues and determine a path towards implementation for the Pensions Dashboard. The results of this feasibility study will be published shortly. Government remains committed to ensuring that State Pension forms part of the Pensions...

Written Answers — Department for Work and Pensions: Pensions: Advisory Services (5 Feb 2018)

Guy Opperman: As announced on 19th October 2017 the DWP is leading a feasibility study, working with industry, consumer-facing organisations and the regulators to explore the key issues and determine a path towards implementation for the pensions dashboard. As part of the feasibility study, the Department is considering how best to ensure the widest possible participation of pension schemes to meet the...

Written Answers — Department for Work and Pensions: Pensions: Advisory Services (5 Feb 2018)

Guy Opperman: The DWP is leading a feasibility project to consider a range of issues that need to be determined in order to deliver the pensions dashboard. Pensions dashboards would involve access to personal information about pensions. Therefore, we would need to ensure that appropriate governance is in place so that the information on a pensions dashboards is presented and used in a way that is in the...

Written Answers — Department for Work and Pensions: Pensions: Advisory Services (5 Feb 2018)

Guy Opperman: The Department is carrying out a feasibility study exploring a range of issues associated with the delivery and implementation of a pensions dashboard. As part of this we are considering how to ensure that consumer interests are safeguarded and their information protected. The Department is working closely with the regulators –The Pensions Regulator and the Financial Conduct Authority...

Written Answers — Department for Work and Pensions: Winter Fuel Payments: Care Homes (5 Feb 2018)

Guy Opperman: Residents of care homes who are in receipt of Pension Credit are not entitled to a Winter Fuel Payment. This is because the majority have their care and accommodation costs met by the local authority. A small number of Pension Credit recipients living in care homes do not receive local authority funding. Individual details of these recipients are not available and would need to be collected...

Written Answers — Department for Work and Pensions: State Retirement Pensions: British Nationals Abroad (2 Feb 2018)

Guy Opperman: The policy on up-rating UK state pensions overseas is a long-standing policy of successive Governments. UK State Pensions are payable worldwide without regard to nationality to those people who meet the eligibility criteria and are up-rated for recipients resident abroad where there is a legal requirement to do so. The Government has no plans to change this policy.

Written Answers — Department for Work and Pensions: GKN: Melrose (2 Feb 2018)

Guy Opperman: This is a matter for the independent Pensions Regulator which was established by Parliament to provide regulatory oversight of work-based pension schemes, including defined benefit schemes. It has operational independence and therefore it would not be appropriate for Ministers to become involved in the Regulator’s casework.

Written Answers — Department for Work and Pensions: HSBC: Pensions (2 Feb 2018)

Guy Opperman: The Department for Work and Pensions has received a number of written representations on the Midland Pension which is now part of the HSBC Bank (UK) Pension Schemes about its integrated pension scheme (or claw-back) policy from individuals and from Members of Parliament writing on their behalf.

Written Answers — Department for Work and Pensions: Occupational Pensions Scheme Review (31 Jan 2018)

Guy Opperman: The Review provided a lot of important information on the costs and impacts of any changes to the existing system of survivor benefits. This is a complex area and it was to be expected that a thorough consideration of the issue would take time. No final decisions have been made on these issues. The Government will respond in due course.

Written Answers — Department for Work and Pensions: Pension Wise (31 Jan 2018)

Guy Opperman: The number of Pension Wise website visits and appointments has grown significantly from a standing start when the service launched in April 2015, and is still rising. Pension Wise delivered 61,000 face to face and telephone appointments in 2015/16, 66,000 in 2016/17 and is on track to deliver more than 80,000 in 2017/18. There have been around 6.2 million visits to the pension wise website...

Written Answers — Department for Work and Pensions: State Retirement Pensions: British Nationals Abroad (29 Jan 2018)

Guy Opperman: The UK State Pension will remain payable worldwide under domestic legislation following our departure from the EU. We have now reached agreement with the EU to maintain State pension up-rating for those covered by the Withdrawal Agreement. This includes UK nationals living in the EU27 on the specified date or UK nationals who have been subject to the legislation of an EU27 member state prior...

Written Answers — Department for Work and Pensions: Department for Work and Pensions: Credit Unions (29 Jan 2018)

Guy Opperman: The Department already offers payroll deduction services to its employes. In July 2016, DWP reached an agreement with 3 credit unions (Commsave, Hull and East Yorkshire and Voyager) to provide services, including payroll deduction, to DWP employees. Currently around 3,800 DWP employees have voluntarily joined that scheme and received credit union loans of around £3 million.

Written Answers — Department for Work and Pensions: Barclays: Pensions (23 Jan 2018)

Guy Opperman: The Secretary of State for Work and Pensions has not met with The Pensions Regulator on the future of the Barclays Bank Pension Scheme.

Written Answers — Department for Work and Pensions: State Retirement Pensions: Post Office Card Account (23 Jan 2018)

Guy Opperman: Direct Payment into a bank, building society or credit union account is the standard way to make all government payments. The Post Office card account (POca) was introduced in 2003 as a very simple service through which pension and benefits can be paid. It was always intended as a stepping stone into mainstream banking, and financial inclusion, while customers got used to elements of...

Written Answers — Department for Work and Pensions: State Retirement Pensions: British Nationals Abroad (23 Jan 2018)

Guy Opperman: The Social Security Benefits Up-rating Regulations restrict for overseas residents the annual increases in certain benefits, including state pensions. This continues the long-standing policy of not up-rating the state pension in payment to people who are overseas residents, except where there is a legal requirement to up-rate for example the European Union Co-ordination Regulations and...


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