Results 1–20 of 389 for in the 'Written Answers' speaker:Guy Opperman

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (18 Apr 2018)

Guy Opperman: The minimum qualifying age for Pension Credit is linked to women’s State Pension age for both men and women. Until November 2018, when men’s and women’s State Pension ages will be equalised, a man may qualify for Pension Credit before his own State Pension age. In couple cases, the income and capital of both members is taken into account. Accordingly, in a couple case...

Written Answers — Department for Work and Pensions: Pension Credit (18 Apr 2018)

Guy Opperman: In April 2018 there was above indexation increase in the standard minimum guarantee of Pension Credit, to match the cash increase in the basic State Pension. This prevents the increase in the basic State Pension (in isolation) from taking people out of the scope of Pension Credit, excluding the impact of any other changes in circumstances. The full rate of the new State Pension is set each...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (16 Apr 2018)

Guy Opperman: As at August 2017, the most recent date for which figures are available, there were 2,580 women in Coventry and 56,305 women in West Midlands aged between 60 and 65 years of age (inclusive) in receipt of State Pension. The average weekly amount received by these women was £141.29 in Coventry and £139.93 in West Midlands. Of these, 2,331 in Coventry and 50,784 in the West Midlands...

Written Answers — Department for Work and Pensions: Occupational Pensions (16 Apr 2018)

Guy Opperman: The Government’s priority for private pension savers in 2018 remains the successful roll-out of automatic enrolment. Automatic enrolment has led to more than 9.4 million employees being automatically enrolled in a workplace pension, with more than 1.1 million employers meeting their duties, as of the end of February 2018. Industry shares this priority. With 94% of eligible jobholders...

Written Answers — Department for Work and Pensions: State Retirement Pensions: Females (29 Mar 2018)

Guy Opperman: As at August 2017, the most recent date for which figures are available, there were 649,564 women aged between 60 and 65 years of age (inclusive) in receipt of State Pension. The average weekly amount received by these women was £136.37. Of these, 582,226 received a State Pension based on their own National Insurance contributions; either a Category A pension under the pre-2016 system,...

Written Answers — Department for Work and Pensions: Winter Fuel Payments: Scotland (28 Mar 2018)

Guy Opperman: Policy on winter fuel payments passes to the Scottish Government under the Scotland Act 2016. We are working closely with the Scottish Government on its plans for those benefits which are devolved. The Scottish Government has, however, not approached my Department on its plans for early payment of winter fuel payments to people who are off-grid.

Written Answers — Department for Work and Pensions: Pensions: Internet (28 Mar 2018)

Guy Opperman: The Association of British Insurers (ABI) led Dashboard Project Group delivered a prototype in April 2017, this proved that technology to connect everyone with their pensions in one place can be built. Following this the ABI-led Pensions Dashboard Project published their report “Reconnecting people with their pensions” in October 2017. This set out research findings and a number...

Written Answers — Department for Work and Pensions: Credit Unions (27 Mar 2018)

Guy Opperman: The contractor for the Credit Union Expansion Project (CUEP) facilitated access to a standardised banking service. This banking platform allows credit union members to receive a range of banking services and benefit from more affordable credit. The platform is currently used by three credit unions with a total of approximately 16.5k members and allows these members to benefit from 24 hour...

Written Answers — Department for Work and Pensions: Credit Unions (27 Mar 2018)

Guy Opperman: DWP engaged a contractor to deliver the Credit Union Expansion Project (CUEP). It is the responsibility of the contractor to include any disclosure relating to the project within their accounts.

Written Answers — Department for Work and Pensions: HSBC: Occupational Pensions (27 Mar 2018)

Guy Opperman: The Department for Work and Pensions has not received any reports about the practices of HSBC Bank plc on integrated pension schemes (or deducting state deduction clawback). The Department has received a number of written representations regarding integrated pension schemes from individuals and from Members of Parliament writing on their behalf. There is a detailed explanation on integrated...

Written Answers — Department for Work and Pensions: Grandparents: Scotland (27 Mar 2018)

Guy Opperman: Specified Adult Childcare credits were introduced in April 2011. These effectively allow an individual who successfully claims Child Benefit and already has a qualifying year, for example through paying Class 1 NI contributions to transfer their credits to grandparents and other specified adults under State Pension age who care for children aged under 12 whilst they are at work. No...

Written Answers — Department for Work and Pensions: Universities Superannuation Scheme (26 Mar 2018)

Guy Opperman: Subject to the requirements of automatic enrolment, pension arrangements are a matter between employers and their workforce. Neither Ministers nor officials in my Department have received any approach from UK Universities.

Written Answers — Department for Work and Pensions: Occupational Pensions (21 Mar 2018)

Guy Opperman: On Monday we published our White Paper; Protecting Defined Benefit Pension Schemes, which sets out our proposals for strengthening the regulatory framework following a thorough review of the current system of pension protection.

Written Answers — Department for Work and Pensions: Mineworkers' Pension Scheme (19 Mar 2018)

Guy Opperman: We have no plans to set up a bespoke helpline for members of the Mineworkers Pension Scheme who received incorrect tax information. HMRC are aware of this issue and have advised that members who are concerned about their tax position can access their Personal Tax Account by visiting www.Gov.uk or contacting HMRC on their usual helpline: 0300 200 3300.

Written Answers — Department for Work and Pensions: Credit Unions (16 Mar 2018)

Guy Opperman: The DWP engaged a contractor to deliver Credit Union Expansion Project. The contractor repeatedly failed to meet its obligations. This left them in breach of contract and left the DWP with no alternative but to terminate the contract.

Written Answers — Department for Work and Pensions: Pensions (14 Mar 2018)

Guy Opperman: Occupational, personal and public service pension schemes are defined in section 1 of the Pension Schemes Act 1993. A public service pension scheme is an occupational pension scheme established by or under an enactment, the Royal prerogative or a Royal charter, unlike other occupational pension schemes which are set up under trust. Pension and tax laws may prescribe certain minimum or...

Written Answers — Department for Work and Pensions: Pension Protection Fund (12 Mar 2018)

Guy Opperman: The Pension Protection Fund publishes the level of compensation payments made each year in their Annual Report and Accounts. The table below lists the total compensation payment made in the last 10 years. Year Amount 2016 /17 £661m 2015 /16 £616m 2014 /15 £564m 2013 /14 £445m 2012 /13 £332m 2011 /12 £203m 2010 /11 £119m 2009...

Written Answers — Department for Work and Pensions: State Retirement Pensions: British Nationals Abroad (12 Mar 2018)

Guy Opperman: The policy on uprating pensions abroad is a long-standing one of successive post-war Governments. UK State Pensions are payable worldwide, however they are up-rated overseas only where there is a legal requirement to do so. There are two main reasons for not paying annual up-ratings to non-residents. First, up-ratings are based on levels of earnings growth and price inflation in the UK...

Written Answers — Department for Work and Pensions: Occupational Pensions: Private Sector (12 Mar 2018)

Guy Opperman: Following a qualifying employer insolvency event, a pension scheme undergoes a Pension Protection Fund ‘assessment period’, where the Pension Protection Fund determine whether it must assume responsibility for the scheme. The table below lists the number of pension schemes that went into a Pension Protection Fund ‘assessment period’ in the last 12 years. Year...

Written Answers — Department for Work and Pensions: Plumbing: Pensions (8 Mar 2018)

Guy Opperman: As I explained in the adjournment debate on 11 January our Green Paper sought views about the current Section 75 employer debt regime and we have considered carefully the evidence made available by a number of pension schemes who responded, including the Plumbing and Mechanical Services (UK) Industry Pension Scheme. We have also assessed the impact any changes in this area could have on...


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