Occupational Pensions

Department for Work and Pensions written question – answered on 30th October 2017.

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Photo of Theresa Villiers Theresa Villiers Conservative, Chipping Barnet

To ask the Secretary of State for Work and Pensions, with reference to the Taylor Review of modern working practices, published in July 2017, what discussions he has had with the Secretary of State for Business, Energy and Industrial Strategy on improving the pensions of workers subject to insecure working practices, including supply teachers.

Photo of Guy Opperman Guy Opperman The Parliamentary Under-Secretary of State for Work and Pensions

I have discussed important cross-cutting areas of employment practices and pensions with Ministerial colleagues including the Minister for Small Business, Consumers and Corporate Responsibility. In addition, my officials have been working closely with the Department for Business Energy and Industrial Strategy officials, in connection with both the Taylor Review of modern working practices and the DWP Review of automatic enrolment.

Automatic enrolment duties apply to those who act as an employer of any eligible job holder(s) under the rules set out in the Pensions Act 2008. For example, a supply teacher working through, and being paid by, an agency will have the right to be automatically enrolled into a workplace pension through that agency if they meet the age and earnings eligibility criteria.

Since the roll out of automatic enrolment began in 2012, over 8.7 million people have been enrolled into a workplace pension scheme. By the time roll out is complete, we estimate that around 10 million people will be newly saving or saving more and an additional £17bn per year of pension savings will be generated by 2019/20. This policy has been fundamental in improving pension outcomes for eligible jobholders.

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