Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
What assessment she has made of the effect of pension auto-enrolment on levels of retirement savings among people in Bury South constituency.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
In Bury South, 10,000 employees now have an automatically enrolled workplace pension, saving 8% per annum and I would encourage more to do the same.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
What steps she has taken to strengthen protections for pension savers.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Government is committed to safeguarding pension savings.
Many pension scams are initiated and perpetuated online, and that is why I am meeting with Google on 10 March to explore what action is being taken against online pension fraud
and persuade them to stop fraudsters using their site.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people living in the Bury South constituency have had a Pension Wise guidance appointment by telephone or in person between 1 April 2019 and 31 March 2020.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Money and Pensions Service publishes data on pension wise appointments across 2019-2020 here:
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people living in Greater Manchester have had a Pension Wise guidance appointment by telephone or in person between April 2019 and March 2020.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Money and Pensions Service publishes data on pension wise appointments across 2019-2020 here:
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people had a Pension Wise guidance appointment (a) by telephone and (b) in person between April 2019 and March 2020 in each region of the UK.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Money and Pensions Service publishes data on pension wise appointments across 2019-2020 here:
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people living in Bury South constituency have had a Pension Wise guidance appointment by telephone or in person in the last 12 months.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Money and Pensions Service published annual data on pension wise appointments for 2019-2020 here:
This records that there were over 97k face to face and around 62k telephone appointments in 2019-20. This is the latest available annual published data.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people living in Greater Manchester have had a Pension Wise guidance appointment by telephone or in person in the last 12 months.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Money and Pensions Service published annual data on pension wise appointments for 2019-2020 here:
This records that there were over 97k face to face and around 62k telephone appointments in 2019-20. This is the latest available annual published data.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how many people have had a Pension Wise guidance appointment by telephone or in person in the last 12 months, by UK region.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
The Money and Pensions Service published annual data on pension wise appointments for 2019-2020 here:
This records that there were over 97k face to face and around 62k telephone appointments in 2019-20. This is the latest available annual published data.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, when she plans to commence the impartial pensions guidance rules provided for in sections 18 and 19 of the Financial Guidance and Claims Act 2018.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
We intend to commence the guidance rules soon.
Asked by: Christian Wakeford (Labour - Bury South)
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, what take-up targets she has set for Pension Wise guidance usage when non-advised savers access defined contribution pension benefits in relation to sections 18 and 19 of the Financial Guidance and Claims Act 2018.
Answered by Guy Opperman - Parliamentary Under-Secretary (Department for Transport)
We will continue to monitor the use of advice and guidance when accessing pension savings.
We want to increase awareness of Pension Wise guidance, by presenting taking guidance as a natural part of the customer journey, and making it easier to book an appointment - following sections 18 and 19 of the Financial Guidance and Claims Act. Based on the results of the Stronger Nudge trials, we expect this would lead to an increase in the take up of Pension Wise guidance.