Written Question on Occupational Pensions: Newport West

Written Questions are submitted by MPs or Lords to receive information from a Department.


See more on: "Occupational Pensions: Newport West"
Date Title Questioner
8 Oct 2019, 10:24 a.m. Occupational Pensions: Newport West Ruth Jones

Question

To ask the Secretary of State for Work and Pensions, how many and what proportion of people have (a) opted out after being auto-enrolled into a workplace pension and (b) saved more than the auto-enrolment minimum contribution in Newport West constituency in the latest period for which figures are available.

Answer (Guy Opperman)

Automatic enrolment has achieved a quiet revolution through getting employees into the habit of pension saving, and reversing the decline in workplace pension participation in the decade prior to these reforms. Since automatic enrolment started in 2012 participation rates have been transformed with 87% of eligible employees saving into a workplace pension in 2018, up from 55% in 2012.

The Department does not hold data for individual constituencies in relation to opt outs or the number of individuals who have saved above the automatic enrolment minimum contribution level. However, we do know that overall around 9% of automatically enrolled workers have chosen to opt out which is significantly below original estimates; and our latest evaluation report shows that, in April 2017, approximately 5.9 million eligible employees were already meeting the April 2019 minimum contribution rates.

I am providing the following information about the impact of automatic enrolment in your constituency, as of August 2019:

In the Newport West constituency, since 2012, approximately 11,000 eligible jobholders have been automatically enrolled and 1,400 employers have met their duties.

Automatic Enrolment Evaluation Report 2018, available via the following weblink: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/764964/Automatic_Enrolment_Evaluation_Report_2018.pdf.

The Pensions Regulator’s data on Automatic enrolment declaration of compliance by constituency, available via the following weblink:

https://www.thepensionsregulator.gov.uk/en/document-library/research-and-analysis/data-requests.


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