Occupational Pensions

Work and Pensions written question – answered on 22nd October 2008.

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Photo of Jim Cunningham Jim Cunningham PPS (Mr Mike O'Brien, Minister of State), Department for Energy and Climate Change

To ask the Secretary of State for Work and Pensions what recent steps the Government has taken to encourage employers to provide pensions for their staff.

Photo of Rosie Winterton Rosie Winterton Minister of State (Regional Affairs) (Yorkshire and the Humber), Minister of State (Department for Work and Pensions) (Pensions Reform) and Minister (Yorkshire and the Humber)

A holding reply was sent on 20 October 2008.

Many employers already help their workers to provide for their retirement through workplace pensions. To encourage this and increase participation in workplace pension schemes, our reform programme includes measures that will remove some of the regulatory burdens on schemes and employers and from 2012 employers will have a statutory duty to enrol workers into workplace pension saving that meets minimum standards. We estimate these reforms will lead to between six million to nine million more people newly participating or saving more in workplace pensions.

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